Benchmark reaffirmed their buy rating on shares of Axcelis Technologies (NASDAQ:ACLS) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm currently has a $33.00 target price on the semiconductor company’s stock, down from their previous target price of $36.00.
Other research analysts have also recently issued reports about the stock. B. Riley increased their price objective on shares of Axcelis Technologies from $30.00 to $39.00 and gave the company a buy rating in a report on Friday, November 3rd. 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. ValuEngine upgraded shares of Axcelis Technologies from a hold rating to a buy rating in a report on Sunday, December 31st. BidaskClub cut shares of Axcelis Technologies from a buy rating to a hold rating in a report on Tuesday, December 12th. Finally, Craig Hallum cut shares of Axcelis Technologies from a buy rating to a hold rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $32.17.
Axcelis Technologies (ACLS) traded up $0.70 during trading on Thursday, hitting $26.00. 856,515 shares of the stock traded hands, compared to its average volume of 418,403. The company has a market capitalization of $816.74, a PE ratio of 21.85, a PEG ratio of 0.72 and a beta of 1.10. Axcelis Technologies has a twelve month low of $14.60 and a twelve month high of $37.05.
In related news, EVP John E. Aldeborgh sold 87,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $33.22, for a total transaction of $2,906,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lynnette C. Fallon sold 56,250 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $32.92, for a total transaction of $1,851,750.00. The disclosure for this sale can be found here. Insiders have sold 190,190 shares of company stock valued at $6,334,389 over the last 90 days. 5.66% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of ACLS. Peregrine Capital Management LLC boosted its holdings in Axcelis Technologies by 45.0% during the third quarter. Peregrine Capital Management LLC now owns 830,397 shares of the semiconductor company’s stock worth $22,711,000 after buying an additional 257,541 shares in the last quarter. SG Capital Management LLC bought a new stake in Axcelis Technologies during the third quarter worth approximately $6,192,000. PDT Partners LLC boosted its holdings in Axcelis Technologies by 159.3% during the second quarter. PDT Partners LLC now owns 176,305 shares of the semiconductor company’s stock worth $3,694,000 after buying an additional 108,305 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in Axcelis Technologies during the third quarter worth approximately $2,538,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Axcelis Technologies by 146.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 153,103 shares of the semiconductor company’s stock worth $4,188,000 after buying an additional 91,003 shares in the last quarter. Hedge funds and other institutional investors own 77.95% 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.
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