Axcelis Technologies (NASDAQ:ACLS) had its target price decreased by Benchmark from $36.00 to $33.00 in a report released on Thursday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price objective would suggest a potential upside of 22.59% from the stock’s previous close.

Several other analysts have also issued reports on ACLS. Zacks Investment Research lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. ValuEngine lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Stifel Nicolaus increased their target price on Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, November 1st. B. Riley increased their target price on Axcelis Technologies from $30.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Craig Hallum lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Axcelis Technologies currently has an average rating of “Buy” and a consensus price target of $32.17.

Axcelis Technologies (ACLS) opened at $26.92 on Thursday. Axcelis Technologies has a 1-year low of $14.60 and a 1-year high of $37.05. The company has a market capitalization of $840.70, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Thursday, November 2nd. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, topping the 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%. equities research analysts predict that Axcelis Technologies will post 1.44 EPS for the current year.

In related news, CFO Kevin J. Brewer sold 44,640 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $33.93, for a total transaction of $1,514,635.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John E. Aldeborgh sold 87,500 shares of the company’s stock in a transaction on 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. Over the last three months, insiders have sold 190,190 shares of company stock worth $6,334,389. 5.66% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in shares of Axcelis Technologies by 391.3% during the 2nd quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock worth $103,000 after buying an additional 3,913 shares during the last quarter. FNY Partners Fund LP bought a new stake in shares of Axcelis Technologies during the 1st quarter worth $107,000. Advisor Group Inc. lifted its position in shares of Axcelis Technologies by 143.7% during the 3rd quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock worth $109,000 after buying an additional 2,350 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Axcelis Technologies by 276.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,408 shares of the semiconductor company’s stock worth $116,000 after buying an additional 30,410 shares during the last quarter. Finally, Creative Planning lifted its position in shares of Axcelis Technologies by 22,400.0% during the 2nd quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock worth $118,000 after buying an additional 5,600 shares during the last quarter. Institutional investors and hedge funds 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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