Axcelis Technologies (NASDAQ:ACLS) PT Raised to $175.00

Axcelis Technologies (NASDAQ:ACLSFree Report) had its target price increased by B. Riley from $155.00 to $175.00 in a research note released on Thursday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other brokerages also recently issued reports on ACLS. Craig Hallum raised shares of Axcelis Technologies from a hold rating to a buy rating and set a $130.00 price objective on the stock in a research report on Friday, May 3rd. Needham & Company LLC reaffirmed a hold rating on shares of Axcelis Technologies in a research report on Friday, May 3rd. Finally, Benchmark cut their target price on Axcelis Technologies from $180.00 to $170.00 and set a buy rating on the stock in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to, Axcelis Technologies currently has an average rating of Moderate Buy and an average price target of $173.00.

View Our Latest Research Report on ACLS

Axcelis Technologies Price Performance

ACLS stock opened at $137.68 on Thursday. The firm’s fifty day moving average is $114.98 and its 200 day moving average is $118.28. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.87 and a current ratio of 4.00. Axcelis Technologies has a 52 week low of $93.77 and a 52 week high of $201.00. The firm has a market cap of $4.48 billion, a P/E ratio of 18.19, a P/E/G ratio of 3.30 and a beta of 1.54.

Axcelis Technologies (NASDAQ:ACLSGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.31. The firm had revenue of $252.37 million during the quarter, compared to analyst estimates of $242.55 million. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. Research analysts predict that Axcelis Technologies will post 6.41 earnings per share for the current year.

Insider Buying and Selling

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $114.42, for a total transaction of $137,304.00. Following the completion of the sale, the director now owns 33,146 shares of the company’s stock, valued at $3,792,565.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Boston Partners purchased a new position in Axcelis Technologies during the first quarter valued at $20,819,000. Cetera Advisors LLC increased its stake in Axcelis Technologies by 36.1% during the first quarter. Cetera Advisors LLC now owns 2,593 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 688 shares during the last quarter. LRI Investments LLC purchased a new stake in Axcelis Technologies during the 1st quarter valued at $133,000. Virtu Financial LLC raised its stake in shares of Axcelis Technologies by 281.5% in the first quarter. Virtu Financial LLC now owns 12,467 shares of the semiconductor company’s stock valued at $1,390,000 after acquiring an additional 9,199 shares during the period. Finally, Janus Henderson Group PLC raised its position in Axcelis Technologies by 135.7% in the 1st quarter. Janus Henderson Group PLC now owns 52,636 shares of the semiconductor company’s stock worth $5,869,000 after purchasing an additional 30,308 shares during the period. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Company Profile

(Get Free Report)

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.

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