Shares of Axcelis Technologies Inc (NASDAQ:ACLS) have earned an average recommendation of “Buy” from the nine brokerages that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $31.33.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Thursday, November 2nd. Stifel Nicolaus boosted their target price on shares of Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. B. Riley boosted their target price on shares of Axcelis Technologies from $30.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. ValuEngine lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Benchmark restated a “buy” rating and set a $28.00 target price (up from $24.00) on shares of Axcelis Technologies in a research report on Friday, September 8th.
In related news, VP Lynnette C. Fallon sold 56,250 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $32.92, for a total value of $1,851,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John E. Aldeborgh sold 87,500 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $33.22, for a total transaction of $2,906,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 190,190 shares of company stock worth $6,334,389 over the last 90 days. Insiders own 5.66% of the company’s stock.
Shares of Axcelis Technologies (NASDAQ:ACLS) traded down $0.15 on Thursday, reaching $29.60. 181,092 shares of the company’s stock traded hands, compared to its average volume of 589,658. The firm has a market cap of $919.56, a PE ratio of 24.87, a P/E/G ratio of 1.04 and a beta of 1.07. Axcelis Technologies has a 12 month low of $13.80 and a 12 month high of $37.05.
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About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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