Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives $173.00 Consensus Target Price from Analysts

Axcelis Technologies, Inc. (NASDAQ:ACLS) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $173.00.

Several research firms have recently commented on ACLS. B. Riley boosted their price target on shares of Axcelis Technologies from $155.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Benchmark lowered their price target on shares of Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Friday, May 3rd. Finally, Craig Hallum upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Friday, May 3rd.

Axcelis Technologies Trading Up 2.0 %

NASDAQ ACLS opened at $142.19 on Monday. Axcelis Technologies has a twelve month low of $93.77 and a twelve month high of $201.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.87 and a current ratio of 4.00. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 3.45 and a beta of 1.54. The firm’s 50 day moving average price is $118.86 and its two-hundred day moving average price is $118.77.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.31. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. The firm had revenue of $252.37 million for the quarter, compared to analysts’ expectations of $242.55 million. Equities analysts anticipate that Axcelis Technologies will post 6.41 EPS for the current year.

Insider Buying and Selling

In related news, Director John T. Kurtzweil sold 1,200 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $114.42, for a total value of $137,304.00. Following the completion of the sale, the director now directly owns 33,146 shares in the company, valued at $3,792,565.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Axcelis Technologies

A number of large investors have recently bought and sold shares of the business. Rakuten Securities Inc. acquired a new position in Axcelis Technologies during the 4th quarter worth $27,000. C M Bidwell & Associates Ltd. acquired a new position in Axcelis Technologies during the 3rd quarter worth $34,000. GAMMA Investing LLC lifted its position in Axcelis Technologies by 109.4% during the 1st quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 139 shares during the last quarter. Blue Trust Inc. lifted its position in Axcelis Technologies by 100.7% during the 4th quarter. Blue Trust Inc. now owns 305 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 153 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in Axcelis Technologies by 627.9% during the 4th quarter. Private Trust Co. NA now owns 313 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 270 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors.

About Axcelis Technologies

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.