Axcelis Technologies Inc (ACLS) Receives $31.80 Consensus PT from Analysts

Shares of Axcelis Technologies Inc (NASDAQ:ACLS) have been given a consensus rating of “Hold” by the nine research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $31.80.

Several research analysts have recently weighed in on the stock. Needham & Company LLC dropped their target price on shares of Axcelis Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. 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 report on Thursday, November 2nd. Stifel Nicolaus raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Monday, January 22nd. Craig Hallum downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, B. Riley reaffirmed a “buy” rating and set a $39.00 price objective on shares of Axcelis Technologies in a research report on Tuesday, December 5th.

Axcelis Technologies (NASDAQ ACLS) traded down $0.10 during trading on Friday, hitting $24.60. 287,250 shares of the stock traded hands, compared to its average volume of 567,264. The stock has a market capitalization of $788.38, a P/E ratio of 6.56, a P/E/G ratio of 0.91 and a beta of 1.01. Axcelis Technologies has a 1-year low of $14.60 and a 1-year high of $37.05.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.08. The business had revenue of $116.40 million for the quarter, compared to the consensus estimate of $109.76 million. Axcelis Technologies had a net margin of 30.92% and a return on equity of 18.64%. The firm’s quarterly revenue was up 67.7% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. equities research analysts forecast that Axcelis Technologies will post 1.34 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its position in Axcelis Technologies by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 24,397 shares of the semiconductor company’s stock valued at $510,000 after purchasing an additional 660 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Axcelis Technologies by 1.5% during the second quarter. TIAA CREF Investment Management LLC now owns 79,807 shares of the semiconductor company’s stock valued at $1,672,000 after purchasing an additional 1,147 shares in the last quarter. New York State Common Retirement Fund grew its position in Axcelis Technologies by 4.7% during the second quarter. New York State Common Retirement Fund now owns 30,975 shares of the semiconductor company’s stock valued at $649,000 after purchasing an additional 1,399 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Axcelis Technologies by 5.2% in the second quarter. Wells Fargo & Company MN now owns 28,572 shares of the semiconductor company’s stock valued at $599,000 after acquiring an additional 1,416 shares during the last quarter. Finally, American International Group Inc. lifted its stake in Axcelis Technologies by 8.1% in the third quarter. American International Group Inc. now owns 20,140 shares of the semiconductor company’s stock valued at $551,000 after acquiring an additional 1,506 shares during the last quarter. 77.66% of the stock is currently owned by hedge funds and other institutional investors.

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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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