Axcelis Technologies Inc (ACLS) Receives $31.33 Average Target Price from Analysts

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.

Several institutional investors have recently added to or reduced their stakes in ACLS. Dimensional Fund Advisors LP raised its stake in Axcelis Technologies by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,835,551 shares of the semiconductor company’s stock valued at $50,201,000 after purchasing an additional 25,567 shares during the last quarter. Vanguard Group Inc. raised its stake in Axcelis Technologies by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,282,745 shares of the semiconductor company’s stock valued at $26,873,000 after purchasing an additional 57,052 shares during the last quarter. Peregrine Capital Management LLC raised its stake in Axcelis Technologies by 45.0% in the 3rd quarter. Peregrine Capital Management LLC now owns 830,397 shares of the semiconductor company’s stock valued at $22,711,000 after purchasing an additional 257,541 shares during the last quarter. Hood River Capital Management LLC raised its stake in Axcelis Technologies by 2.6% in the 2nd quarter. Hood River Capital Management LLC now owns 815,456 shares of the semiconductor company’s stock valued at $17,084,000 after purchasing an additional 20,904 shares during the last quarter. Finally, State Street Corp raised its stake in Axcelis Technologies by 8.8% in the 2nd quarter. State Street Corp now owns 547,721 shares of the semiconductor company’s stock valued at $11,475,000 after purchasing an additional 44,530 shares during the last quarter. Institutional investors and hedge funds own 77.95% 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.

Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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