Axcelis Technologies Inc (NASDAQ:ACLS) has been assigned an average rating of “Buy” from the nine research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $25.20.

A number of research firms have recently issued reports on ACLS. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Monday, November 4th. DA Davidson began coverage on Axcelis Technologies in a research report on Thursday, December 5th. They set a “buy” rating and a $30.00 price objective on the stock. ValuEngine cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. BidaskClub upgraded Axcelis Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 10th. Finally, TheStreet raised Axcelis Technologies from a “c+” rating to a “b-” rating in a research note on Wednesday, December 11th.

Shares of ACLS traded down $0.32 on Friday, reaching $25.03. 158,508 shares of the stock traded hands, compared to its average volume of 183,383. The firm has a market cap of $811.50 million, a price-to-earnings ratio of 19.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.62 and a quick ratio of 3.42. Axcelis Technologies has a 12 month low of $13.99 and a 12 month high of $25.60. The stock’s 50-day moving average price is $23.81 and its 200-day moving average price is $19.03.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $69.45 million for the quarter, compared to analysts’ expectations of $70.90 million. Axcelis Technologies had a return on equity of 3.85% and a net margin of 4.63%. Axcelis Technologies’s quarterly revenue was down 27.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 earnings per share. As a group, equities research analysts forecast that Axcelis Technologies will post 0.38 earnings per share for the current fiscal year.

In related news, Director John T. Kurtzweil sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $22.42, for a total value of $67,260.00. Also, CEO Mary G. Puma sold 21,831 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $22.36, for a total value of $488,141.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,000 shares of company stock worth $2,784,981. 3.72% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in ACLS. Senvest Management LLC boosted its stake in Axcelis Technologies by 26.0% in the 2nd quarter. Senvest Management LLC now owns 2,297,563 shares of the semiconductor company’s stock valued at $34,578,000 after buying an additional 474,801 shares in the last quarter. Tenzing Global Management LLC boosted its stake in Axcelis Technologies by 33.3% in the third quarter. Tenzing Global Management LLC now owns 600,000 shares of the semiconductor company’s stock worth $10,254,000 after purchasing an additional 150,000 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Axcelis Technologies by 815.8% in the second quarter. Nuveen Asset Management LLC now owns 141,745 shares of the semiconductor company’s stock worth $2,133,000 after purchasing an additional 126,268 shares in the last quarter. BlackRock Inc. boosted its stake in Axcelis Technologies by 2.2% in the second quarter. BlackRock Inc. now owns 4,941,904 shares of the semiconductor company’s stock worth $74,373,000 after purchasing an additional 107,977 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Axcelis Technologies by 303.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 126,939 shares of the semiconductor company’s stock worth $1,910,000 after purchasing an additional 95,487 shares in the last quarter. 81.15% of the stock is currently owned by institutional investors and hedge funds.

About Axcelis Technologies

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides curing systems and thermal processing systems.

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Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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