Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have received an average rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $24.67.

ACLS has been the subject of several analyst reports. B. Riley restated a “buy” rating and issued a $30.00 target price on shares of Axcelis Technologies in a research note on Wednesday, August 9th. BidaskClub downgraded Axcelis Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Stifel Nicolaus cut their target price on Axcelis Technologies from $19.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, May 5th. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, July 14th. Finally, Benchmark Co. restated a “buy” rating and issued a $24.00 target price (up previously from $21.00) on shares of Axcelis Technologies in a research note on Friday, May 5th.

Axcelis Technologies (ACLS) traded up 4.419% during trading on Friday, reaching $20.675. 194,864 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $21.71 and its 200-day moving average price is $19.64. The firm has a market cap of $645.54 million, a price-to-earnings ratio of 22.183 and a beta of 1.11. Axcelis Technologies has a 12 month low of $11.05 and a 12 month high of $26.53.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.01. The firm had revenue of $102.80 million for the quarter, compared to the consensus estimate of $100.07 million. Axcelis Technologies had a return on equity of 12.52% and a net margin of 9.10%. The firm’s revenue was up 59.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. On average, equities research analysts anticipate that Axcelis Technologies will post $1.25 EPS for the current year.

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In other Axcelis Technologies news, EVP Douglas A. Lawson sold 14,454 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $21.12, for a total value of $305,268.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph P. Keithley sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $21.64, for a total value of $432,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 254,454 shares of company stock valued at $5,806,106. 5.66% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Primecap Management Co. CA increased its position in shares of 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 valued at $68,015,000 after buying an additional 139,407 shares in the last quarter. Donald Smith & CO. Inc. boosted 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 valued at $56,337,000 after buying an additional 192,111 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Axcelis Technologies by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,809,984 shares of the semiconductor company’s stock valued at $37,920,000 after buying an additional 43,975 shares during the last quarter. Vanguard Group Inc. boosted its stake in Axcelis Technologies by 4.7% in the second quarter. Vanguard Group Inc. now owns 1,282,745 shares of the semiconductor company’s stock valued at $26,873,000 after buying an additional 57,052 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its stake in Axcelis Technologies by 2.6% in the second quarter. Hood River Capital Management LLC now owns 815,456 shares of the semiconductor company’s stock valued at $17,084,000 after buying an additional 20,904 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

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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