Axcelis Technologies (ACLS) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a hold rating to a buy rating in a research note published on Sunday morning.

Other equities research analysts also recently issued reports about the company. B. Riley upped their price objective on Axcelis Technologies from $30.00 to $39.00 and gave the company a buy rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded Axcelis Technologies from a hold rating to a buy rating and set a $36.00 price objective on the stock in a research report on Thursday, November 2nd. Benchmark restated a buy rating and set a $28.00 price objective (up from $24.00) on shares of Axcelis Technologies in a research report on Friday, September 8th. BidaskClub downgraded Axcelis Technologies from a buy rating to a hold rating in a report on Tuesday, December 12th. Finally, Craig Hallum downgraded Axcelis Technologies from a buy rating to a hold rating in a report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $31.33.

Shares of Axcelis Technologies (NASDAQ:ACLS) opened at $28.70 on Friday. Axcelis Technologies has a 52-week low of $14.00 and a 52-week high of $37.05. The stock has a market capitalization of $901.56, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10.

In other news, EVP John E. Aldeborgh sold 87,500 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $33.22, for a total value of $2,906,750.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John T. Kurtzweil sold 1,800 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total value of $61,254.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 190,190 shares of company stock worth $6,334,389. Company insiders own 5.66% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ACLS. Peregrine Capital Management LLC raised its holdings in shares of Axcelis Technologies by 45.0% in the third quarter. Peregrine Capital Management LLC now owns 830,397 shares of the semiconductor company’s stock worth $22,711,000 after buying an additional 257,541 shares during the period. SG Capital Management LLC bought a new position in Axcelis Technologies in the third quarter worth approximately $6,192,000. PDT Partners LLC grew its stake in Axcelis Technologies by 159.3% in the second quarter. PDT Partners LLC now owns 176,305 shares of the semiconductor company’s stock worth $3,694,000 after purchasing an additional 108,305 shares in the last quarter. Allianz Asset Management GmbH bought a new position in Axcelis Technologies in the third quarter worth approximately $2,538,000. Finally, Schwab Charles Investment Management Inc. grew its stake in Axcelis Technologies by 146.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 153,103 shares of the semiconductor company’s stock worth $4,188,000 after purchasing an additional 91,003 shares in the last quarter. Hedge funds and other institutional investors own 77.95% of the company’s stock.

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Axcelis Technologies Company Profile

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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