Axcelis Technologies (NASDAQ:ACLS)‘s stock had its “buy” rating reiterated by stock analysts at B. Riley in a research note issued on Tuesday. They presently have a $39.00 target price on the semiconductor company’s stock. B. Riley’s target price indicates a potential upside of 33.11% from the company’s current price.

A number of other analysts also recently issued reports on ACLS. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, September 15th. Benchmark reissued a “buy” rating and issued a $28.00 price objective (up previously from $24.00) on shares of Axcelis Technologies in a report on Friday, September 8th. Craig Hallum downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. ValuEngine raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Axcelis Technologies from $20.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $31.33.

Shares of Axcelis Technologies (NASDAQ ACLS) traded up $0.15 during mid-day trading on Tuesday, hitting $29.30. 660,700 shares of the company traded hands, compared to its average volume of 441,456. The company has a market cap of $915.69, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 1.01 and a beta of 1.07. Axcelis Technologies has a 1-year low of $13.00 and a 1-year high of $37.05.

In other news, EVP John E. Aldeborgh sold 87,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $33.22, for a total transaction of $2,906,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin J. Brewer sold 62,348 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $22.46, for a total transaction of $1,400,336.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 265,038 shares of company stock valued at $8,016,850. 5.66% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in Axcelis Technologies by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,397 shares of the semiconductor company’s stock worth $510,000 after purchasing an additional 660 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Axcelis Technologies by 1.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 79,807 shares of the semiconductor company’s stock worth $1,672,000 after purchasing an additional 1,147 shares in the last quarter. New York State Common Retirement Fund increased its position in Axcelis Technologies by 4.7% during the 2nd quarter. New York State Common Retirement Fund now owns 30,975 shares of the semiconductor company’s stock worth $649,000 after purchasing an additional 1,399 shares in the last quarter. Wells Fargo & Company MN increased its position in Axcelis Technologies by 5.2% during the 2nd quarter. Wells Fargo & Company MN now owns 28,572 shares of the semiconductor company’s stock worth $599,000 after purchasing an additional 1,416 shares in the last quarter. Finally, American International Group Inc. increased its position in Axcelis Technologies by 8.1% during the 3rd quarter. American International Group Inc. now owns 20,140 shares of the semiconductor company’s stock worth $551,000 after purchasing an additional 1,506 shares in the last quarter. 78.14% of the stock is owned by 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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