Axcelis Technologies Inc (ACLS) Receives $31.80 Average PT from Brokerages

Axcelis Technologies Inc (NASDAQ:ACLS) has received an average rating of “Hold” from the nine research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $31.80.

A number of equities research analysts recently commented on ACLS shares. B. Riley lowered their price target on shares of Axcelis Technologies from $39.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. ValuEngine upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Monday, January 22nd. Zacks Investment Research upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Thursday, November 2nd. Finally, Benchmark restated a “buy” rating and issued a $33.00 price objective (down from $36.00) on shares of Axcelis Technologies in a report on Thursday, January 18th.

Axcelis Technologies (NASDAQ:ACLS) traded up $1.00 during trading hours on Friday, reaching $24.35. 351,565 shares of the company were exchanged, compared to its average volume of 560,728. Axcelis Technologies has a 52 week low of $14.60 and a 52 week high of $37.05. The company has a market cap of $754.73, a price-to-earnings ratio of 6.51, a P/E/G ratio of 0.88 and a beta of 1.01.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.08. Axcelis Technologies had a net margin of 30.92% and a return on equity of 18.64%. The company had revenue of $116.40 million during the quarter, compared to analyst estimates of $109.76 million. During the same period in the prior year, the business posted $0.13 EPS. The firm’s revenue was up 67.7% compared to the same quarter last year. analysts expect that Axcelis Technologies will post 1.34 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in Axcelis Technologies by 391.3% in the 2nd quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 3,913 shares in the last quarter. Advisor Group Inc. raised its holdings in Axcelis Technologies by 143.7% in the 3rd quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 2,350 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Axcelis Technologies in the 4th quarter worth $178,000. Jane Street Group LLC bought a new position in Axcelis Technologies in the 3rd quarter worth $201,000. Finally, J.P. Marvel Investment Advisors LLC bought a new position in Axcelis Technologies in the 2nd quarter worth $220,000. Institutional investors and hedge funds own 77.66% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was first reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.themarketsdaily.com/2018/02/14/axcelis-technologies-inc-acls-receives-31-80-average-pt-from-brokerages.html.

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)

Receive News & Ratings for Axcelis Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axcelis Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply