Shares of Axcelis Technologies Inc (NASDAQ:ACLS) have been assigned a consensus recommendation of “Buy” from the nine analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $31.80.

A number of brokerages recently commented on ACLS. Needham & Company LLC lowered their price objective on Axcelis Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday. Benchmark reiterated a “buy” rating and issued a $33.00 price objective (down from $36.00) on shares of Axcelis Technologies in a research report on Thursday, January 18th. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Thursday, November 2nd. B. Riley lowered their price objective on Axcelis Technologies from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.

Shares of Axcelis Technologies (NASDAQ ACLS) traded down $0.35 during mid-day trading on Friday, reaching $22.10. The company had a trading volume of 474,690 shares, compared to its average volume of 555,335. The firm has a market capitalization of $719.71, a price-to-earnings ratio of 5.89, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01. Axcelis Technologies has a 1 year low of $14.60 and a 1 year high of $37.05.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.08. The firm had revenue of $116.40 million during the quarter, compared to analyst estimates of $109.76 million. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The company’s revenue was up 67.7% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. sell-side analysts anticipate that Axcelis Technologies will post 1.81 earnings per share for the current fiscal year.

In other news, CFO Kevin J. Brewer sold 44,640 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $33.93, for a total transaction of $1,514,635.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Kurtzweil sold 1,800 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total value of $61,254.00. The disclosure for this sale can be found here. 5.66% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of ACLS. Royal Bank of Canada grew 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 period. Advisor Group Inc. grew 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 period. State of Alaska Department of Revenue acquired a new position in shares of Axcelis Technologies during the 4th quarter worth about $178,000. Jane Street Group LLC acquired a new position in shares of Axcelis Technologies during the 3rd quarter worth about $201,000. Finally, J.P. Marvel Investment Advisors LLC acquired a new position in shares of Axcelis Technologies during the 2nd quarter worth about $220,000. Institutional investors own 77.46% 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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