Axcelis Technologies (NASDAQ:ACLS) PT Raised to $190.00

Axcelis Technologies (NASDAQ:ACLS) had its price target increased by B. Riley from $175.00 to $190.00 in a research report released on Friday, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Other equities analysts also recently issued reports about the company. Benchmark reduced their price target on Axcelis Technologies from $180.00 to $170.00 and set a buy rating on the stock in a research report on Friday, May 3rd. 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 report on Friday, May 3rd. Bank of America boosted their price objective on shares of Axcelis Technologies from $125.00 to $150.00 and gave the company a neutral rating in a report on Wednesday, July 10th. Finally, Needham & Company LLC reissued a hold rating on shares of Axcelis Technologies in a report on Friday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $169.80.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $148.74 on Friday. The business’s fifty day simple moving average is $127.38 and its 200-day simple moving average is $119.59. The company has a market cap of $4.84 billion, a PE ratio of 19.65, a PEG ratio of 2.82 and a beta of 1.60. The company has a current ratio of 4.00, a quick ratio of 2.87 and a debt-to-equity ratio of 0.05. Axcelis Technologies has a 12-month low of $93.77 and a 12-month high of $201.00.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.31. The business had revenue of $252.37 million for the quarter, compared to the consensus estimate of $242.55 million. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. Analysts expect that Axcelis Technologies will post 6.48 earnings per share for the current fiscal year.

Insider Activity

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $114.42, for a total value of $137,304.00. Following the sale, the director now directly owns 33,146 shares of the company’s stock, valued at $3,792,565.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.43% of the company’s stock.

Institutional Investors Weigh In On Axcelis Technologies

Hedge funds have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System purchased a new stake in Axcelis Technologies in the fourth quarter valued at $2,127,000. Rafferty Asset Management LLC boosted its stake in shares of Axcelis Technologies by 14.8% during the 4th quarter. Rafferty Asset Management LLC now owns 203,622 shares of the semiconductor company’s stock worth $26,408,000 after acquiring an additional 26,228 shares in the last quarter. Annex Advisory Services LLC boosted its stake in shares of Axcelis Technologies by 964.1% during the 4th quarter. Annex Advisory Services LLC now owns 51,608 shares of the semiconductor company’s stock worth $6,693,000 after acquiring an additional 46,758 shares in the last quarter. Harber Asset Management LLC purchased a new stake in shares of Axcelis Technologies during the 4th quarter worth about $5,165,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Axcelis Technologies during the 4th quarter worth about $218,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Axcelis Technologies Company Profile

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.