Axcelis Technologies, Inc. (NASDAQ:ACLS) had its price target upped by equities research analysts at Wedbush from $23.00 to $27.00 in a research report issued on Friday. Wedbush’s price objective indicates a potential upside of 14.65% from the company’s previous close.

A number of other equities analysts have also weighed in on ACLS. Zacks Investment Research lowered shares of Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 4th. Benchmark Co. reissued a “buy” rating and issued a $21.00 price objective on shares of Axcelis Technologies in a research report on Monday, April 10th. B. Riley reissued a “buy” rating and issued a $30.00 price objective on shares of Axcelis Technologies in a research report on Friday, May 5th. Needham & Company LLC reissued a “buy” rating and issued a $23.00 price objective (up previously from $20.00) on shares of Axcelis Technologies in a research report on Friday, May 5th. Finally, Stifel Nicolaus cut their price objective on shares of Axcelis Technologies from $19.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, May 5th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.33.

Shares of Axcelis Technologies (ACLS) opened at 23.55 on Friday. Axcelis Technologies has a 1-year low of $9.68 and a 1-year high of $26.52. The stock has a 50 day moving average of $22.02 and a 200 day moving average of $17.36. The stock has a market cap of $708.74 million, a PE ratio of 39.58 and a beta of 1.09.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Thursday, May 4th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.08. The business had revenue of $86.90 million during the quarter, compared to analyst estimates of $80.15 million. Axcelis Technologies had a net margin of 6.48% and a return on equity of 9.19%. The company’s revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 earnings per share. Equities research analysts forecast that Axcelis Technologies will post $1.13 EPS for the current year.

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In related news, VP Lynnette C. Fallon sold 31,250 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $24.49, for a total value of $765,312.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph P. Keithley sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $24.58, for a total transaction of $491,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 608,009 shares of company stock valued at $13,254,355. 5.66% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in ACLS. Primecap Management Co. CA increased its stake in Axcelis Technologies by 4.0% in the first quarter. Primecap Management Co. CA now owns 3,617,800 shares of the semiconductor company’s stock worth $68,015,000 after buying an additional 139,407 shares during the last quarter. Donald Smith & CO. Inc. increased its stake in Axcelis Technologies by 6.9% in the first quarter. Donald Smith & CO. Inc. now owns 2,996,651 shares of the semiconductor company’s stock worth $56,337,000 after buying an additional 192,111 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Axcelis Technologies by 10.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,766,009 shares of the semiconductor company’s stock worth $33,200,000 after buying an additional 163,016 shares during the last quarter. Vanguard Group Inc. increased its stake in Axcelis Technologies by 5.2% in the first quarter. Vanguard Group Inc. now owns 1,225,693 shares of the semiconductor company’s stock worth $23,043,000 after buying an additional 61,085 shares during the last quarter. Finally, Hood River Capital Management LLC increased its stake in Axcelis Technologies by 39.9% in the first quarter. Hood River Capital Management LLC now owns 794,552 shares of the semiconductor company’s stock worth $14,938,000 after buying an additional 226,611 shares during the last quarter. Hedge funds and other institutional investors own 75.89% of the company’s stock.

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.

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