Axcelis Technologies (NASDAQ:ACLS) Price Target Lowered to $175.00 at Benchmark

Axcelis Technologies (NASDAQ:ACLS) had its target price reduced by Benchmark from $180.00 to $175.00 in a report issued on Friday morning, Benzinga reports. Benchmark currently has a buy rating on the semiconductor company’s stock.

ACLS has been the topic of a number of other research reports. Bank of America lifted their target price on Axcelis Technologies from $125.00 to $150.00 and gave the company a neutral rating in a research report on Wednesday, July 10th. B. Riley lowered their target price on Axcelis Technologies from $190.00 to $165.00 and set a buy rating on the stock in a research report on Friday. Craig Hallum lifted their price target on Axcelis Technologies from $130.00 to $174.00 and gave the stock a buy rating in a report on Friday, July 12th. Needham & Company LLC reiterated a hold rating on shares of Axcelis Technologies in a report on Friday. Finally, DA Davidson lifted their price target on Axcelis Technologies from $150.00 to $175.00 and gave the stock a buy rating in a report on Monday, July 15th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Axcelis Technologies presently has a consensus rating of Moderate Buy and a consensus target price of $167.33.

Axcelis Technologies Price Performance

NASDAQ:ACLS opened at $109.28 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.87 and a current ratio of 4.42. The stock’s 50-day simple moving average is $132.03 and its 200 day simple moving average is $120.26. The company has a market cap of $3.55 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.63 and a beta of 1.61. Axcelis Technologies has a 52-week low of $93.77 and a 52-week high of $196.03.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.18. The business had revenue of $256.51 million for the quarter, compared to the consensus estimate of $250.06 million. Axcelis Technologies had a return on equity of 27.35% and a net margin of 21.54%. Axcelis Technologies’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 earnings per share. As a group, sell-side analysts forecast that Axcelis Technologies will post 6.76 EPS for the current fiscal year.

Insider Transactions at Axcelis Technologies

In other news, Director John T. Kurtzweil sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $114.42, for a total transaction of $137,304.00. Following the completion of the sale, the director now owns 33,146 shares in the company, valued at $3,792,565.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.43% of the company’s stock.

Institutional Investors Weigh In On Axcelis Technologies

A number of institutional investors have recently made changes to their positions in ACLS. Rakuten Securities Inc. bought a new stake in shares of Axcelis Technologies during the fourth quarter worth approximately $27,000. GAMMA Investing LLC boosted its stake in shares of Axcelis Technologies by 109.4% in the first quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 139 shares during the period. Signaturefd LLC boosted its stake in shares of Axcelis Technologies by 348.9% in the second quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 164 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Axcelis Technologies by 1,188.0% in the fourth quarter. Global Retirement Partners LLC now owns 322 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 297 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Axcelis Technologies by 223.8% in the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 188 shares during the period. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Company Profile

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