B. Riley Boosts Axcelis Technologies (NASDAQ:ACLS) Price Target to $95.00

Axcelis Technologies (NASDAQ:ACLSGet Rating) had its price target lifted by B. Riley from $80.00 to $95.00 in a research report report published on Friday, The Fly reports. B. Riley also issued estimates for Axcelis Technologies’ Q3 2022 earnings at $1.13 EPS, Q4 2022 earnings at $1.01 EPS, FY2022 earnings at $4.68 EPS, Q1 2023 earnings at $1.08 EPS, Q2 2023 earnings at $1.18 EPS, Q3 2023 earnings at $1.24 EPS, Q4 2023 earnings at $1.27 EPS and FY2023 earnings at $4.77 EPS.

A number of other research analysts have also recently issued reports on ACLS. StockNews.com cut Axcelis Technologies from a strong-buy rating to a buy rating in a research note on Wednesday, July 20th. Needham & Company LLC boosted their target price on Axcelis Technologies from $76.00 to $87.00 and gave the company a buy rating in a research note on Friday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of Buy and an average price target of $82.25.

Axcelis Technologies Trading Down 0.5 %

Shares of NASDAQ ACLS opened at $78.18 on Friday. The company’s 50 day simple moving average is $59.30 and its 200 day simple moving average is $62.18. Axcelis Technologies has a fifty-two week low of $41.31 and a fifty-two week high of $83.74. The firm has a market capitalization of $2.58 billion, a P/E ratio of 17.77 and a beta of 1.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.44 and a quick ratio of 3.02.

Axcelis Technologies (NASDAQ:ACLSGet Rating) last posted its earnings results on Wednesday, August 3rd. The semiconductor company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.33. Axcelis Technologies had a net margin of 18.47% and a return on equity of 27.14%. During the same period last year, the firm earned $0.55 EPS. On average, analysts predict that Axcelis Technologies will post 4.42 EPS for the current year.

Institutional Trading of Axcelis Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio raised its holdings in Axcelis Technologies by 59.6% during the first quarter. Strs Ohio now owns 17,400 shares of the semiconductor company’s stock worth $1,314,000 after acquiring an additional 6,500 shares in the last quarter. Millennium Management LLC raised its stake in Axcelis Technologies by 74.6% in the fourth quarter. Millennium Management LLC now owns 534,103 shares of the semiconductor company’s stock valued at $39,823,000 after buying an additional 228,256 shares during the period. Covestor Ltd bought a new stake in Axcelis Technologies in the fourth quarter valued at approximately $56,000. Everence Capital Management Inc. raised its stake in Axcelis Technologies by 48.3% in the first quarter. Everence Capital Management Inc. now owns 11,700 shares of the semiconductor company’s stock valued at $884,000 after buying an additional 3,810 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Axcelis Technologies by 76.2% in the first quarter. Assenagon Asset Management S.A. now owns 329,125 shares of the semiconductor company’s stock valued at $24,859,000 after buying an additional 142,384 shares during the period. Institutional investors own 83.38% of the company’s stock.

Axcelis Technologies Company Profile

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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. The company offers high energy, high current, and medium current implanters for various application requirements.

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