Axcelis Technologies (NASDAQ:ACLS) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports.
Other research analysts have also recently issued research reports about the company. B. Riley raised their target price on Axcelis Technologies from $30.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Thursday, November 2nd. ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Benchmark reaffirmed a “buy” rating and set a $33.00 target price (down previously from $36.00) on shares of Axcelis Technologies in a research note on Thursday. Finally, BidaskClub cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $32.17.
Axcelis Technologies (ACLS) remained flat at $$26.00 during trading hours on Monday. The company’s stock had a trading volume of 442,103 shares, compared to its average volume of 575,393. Axcelis Technologies has a 1-year low of $14.60 and a 1-year high of $37.05. The company has a market cap of $811.82, a P/E ratio of 21.85, a PEG ratio of 0.72 and a beta of 1.10.
In other news, VP Lynnette C. Fallon sold 56,250 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $32.92, for a total transaction of $1,851,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin J. Brewer sold 44,640 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $33.93, for a total value of $1,514,635.20. The disclosure for this sale can be found here. Insiders have sold 190,190 shares of company stock valued at $6,334,389 in the last ninety days. Company insiders own 5.66% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Swiss National Bank purchased a new stake in shares of Axcelis Technologies during the second quarter valued at $1,029,000. Virtu KCG Holdings LLC purchased a new stake in shares of Axcelis Technologies during the second quarter valued at $672,000. Vanguard Group Inc. lifted its holdings in shares of Axcelis Technologies by 4.7% during the second quarter. Vanguard Group Inc. now owns 1,282,745 shares of the semiconductor company’s stock valued at $26,873,000 after purchasing an additional 57,052 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Axcelis Technologies by 31.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 62,100 shares of the semiconductor company’s stock valued at $1,301,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Axcelis Technologies during the third quarter valued at $655,000. 77.72% of the stock is owned by institutional investors and hedge funds.
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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.
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