Axcelis Technologies (NASDAQ:ACLS) Given New $175.00 Price Target at B. Riley

Axcelis Technologies (NASDAQ:ACLSFree Report) had its target price raised by B. Riley from $155.00 to $175.00 in a report published on Thursday morning, Benzinga reports. B. Riley currently has a buy rating on the semiconductor company’s stock.

Several other research firms have also recently commented on ACLS. Benchmark reduced their price target on Axcelis Technologies from $180.00 to $170.00 and set a buy rating for the company in a report on Friday, May 3rd. Craig Hallum raised Axcelis Technologies from a hold rating to a buy rating and set a $130.00 target price for the company in a report on Friday, May 3rd. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Axcelis Technologies in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Axcelis Technologies currently has an average rating of Moderate Buy and an average price target of $173.00.

View Our Latest Report on ACLS

Axcelis Technologies Stock Performance

Shares of ACLS opened at $137.68 on Thursday. The stock has a market capitalization of $4.48 billion, a P/E ratio of 18.19, a P/E/G ratio of 3.30 and a beta of 1.54. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.87 and a current ratio of 4.00. Axcelis Technologies has a 1 year low of $93.77 and a 1 year high of $201.00. The company’s fifty day moving average is $114.98 and its two-hundred day moving average is $118.28.

Axcelis Technologies (NASDAQ:ACLSGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.31. The business had revenue of $252.37 million for the quarter, compared to analyst estimates of $242.55 million. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. On average, sell-side analysts predict that Axcelis Technologies will post 6.41 earnings per share for the current year.

Insider Activity at Axcelis Technologies

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

Institutional Trading of Axcelis Technologies

A number of large investors have recently made changes to their positions in ACLS. Louisiana State Employees Retirement System purchased a new position in Axcelis Technologies in the 4th quarter valued at about $2,127,000. Rafferty Asset Management LLC boosted its position in Axcelis Technologies by 14.8% during the fourth quarter. Rafferty Asset Management LLC now owns 203,622 shares of the semiconductor company’s stock worth $26,408,000 after acquiring an additional 26,228 shares during the last quarter. Annex Advisory Services LLC grew its stake in Axcelis Technologies by 964.1% in the 4th quarter. Annex Advisory Services LLC now owns 51,608 shares of the semiconductor company’s stock worth $6,693,000 after acquiring an additional 46,758 shares during the period. Harber Asset Management LLC acquired a new position in Axcelis Technologies in the 4th quarter valued at $5,165,000. Finally, Northern Trust Corp lifted its stake in shares of Axcelis Technologies by 2.0% during the 3rd quarter. Northern Trust Corp now owns 392,377 shares of the semiconductor company’s stock worth $63,977,000 after purchasing an additional 7,595 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

About Axcelis Technologies

(Get Free Report)

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.

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