Shares of Axcelis Technologies Inc (NASDAQ:ACLS) have received a consensus recommendation of “Buy” from the nine analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $30.40.

Several analysts have weighed in on ACLS shares. Craig Hallum downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. BidaskClub downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, B. Riley reiterated a “buy” rating and set a $39.00 price target on shares of Axcelis Technologies in a research note on Tuesday, December 5th.

Shares of Axcelis Technologies (NASDAQ:ACLS) traded down $0.25 during trading hours on Monday, reaching $29.15. The company had a trading volume of 227,800 shares, compared to its average volume of 360,544. Axcelis Technologies has a 12 month low of $14.60 and a 12 month high of $37.05. The firm has a market cap of $915.69, a price-to-earnings ratio of 24.50, a P/E/G ratio of 0.81 and a beta of 1.10.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.10. Axcelis Technologies had a return on equity of 16.37% and a net margin of 10.80%. research analysts expect that Axcelis Technologies will post 1.44 EPS for the current year.

In other news, CFO Kevin J. Brewer sold 44,640 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $33.93, for a total value of $1,514,635.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John E. Aldeborgh sold 87,500 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $33.22, for a total value of $2,906,750.00. The disclosure for this sale can be found here. Insiders sold 190,190 shares of company stock worth $6,334,389 in the last 90 days. Company insiders own 5.66% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Axcelis Technologies by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,835,551 shares of the semiconductor company’s stock worth $50,201,000 after purchasing an additional 25,567 shares in the last quarter. Vanguard Group Inc. boosted its position in Axcelis Technologies by 4.7% during the second quarter. Vanguard Group Inc. now owns 1,282,745 shares of the semiconductor company’s stock worth $26,873,000 after purchasing an additional 57,052 shares in the last quarter. Peregrine Capital Management LLC boosted its position in Axcelis Technologies by 45.0% during the third quarter. Peregrine Capital Management LLC now owns 830,397 shares of the semiconductor company’s stock worth $22,711,000 after purchasing an additional 257,541 shares in the last quarter. Hood River Capital Management LLC boosted its position in Axcelis Technologies by 2.6% during the second quarter. Hood River Capital Management LLC now owns 815,456 shares of the semiconductor company’s stock worth $17,084,000 after purchasing an additional 20,904 shares in the last quarter. Finally, State Street Corp boosted its position in Axcelis Technologies by 8.8% during the second quarter. State Street Corp now owns 547,721 shares of the semiconductor company’s stock worth $11,475,000 after purchasing an additional 44,530 shares in the last quarter. Hedge funds and other institutional investors own 77.95% of the company’s stock.

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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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