Benchmark Lowers Axcelis Technologies (NASDAQ:ACLS) Price Target to $170.00

Axcelis Technologies (NASDAQ:ACLS) had its target price cut by stock analysts at Benchmark from $180.00 to $170.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price objective would suggest a potential upside of 52.53% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Friday. Craig Hallum upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Friday. B. Riley cut their price target on Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Friday. Finally, B. Riley Financial decreased their price objective on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.00.

Axcelis Technologies Trading Up 4.5 %

Axcelis Technologies stock opened at $111.45 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.71 and a current ratio of 4.00. Axcelis Technologies has a 1 year low of $93.77 and a 1 year high of $201.00. The firm’s 50-day moving average is $107.79 and its 200-day moving average is $121.24. The company has a market cap of $3.63 billion, a P/E ratio of 14.72, a PEG ratio of 1.14 and a beta of 1.64.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.33. The company had revenue of $252.37 million during the quarter, compared to the consensus estimate of $242.61 million. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. Axcelis Technologies’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. On average, equities analysts expect that Axcelis Technologies will post 6.88 earnings per share for the current year.

Insider Transactions at Axcelis Technologies

In other Axcelis Technologies news, EVP Douglas A. Lawson bought 500 shares of Axcelis Technologies stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the completion of the acquisition, the executive vice president now directly owns 19,648 shares of the company’s stock, valued at $2,181,713.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Lincoln National Corp boosted its stake in Axcelis Technologies by 2.1% during the 4th quarter. Lincoln National Corp now owns 4,319 shares of the semiconductor company’s stock valued at $560,000 after purchasing an additional 88 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Axcelis Technologies by 1.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 9,839 shares of the semiconductor company’s stock worth $1,276,000 after acquiring an additional 102 shares during the last quarter. Arizona State Retirement System raised its stake in Axcelis Technologies by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 9,313 shares of the semiconductor company’s stock valued at $1,518,000 after purchasing an additional 121 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Axcelis Technologies by 10.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,316 shares of the semiconductor company’s stock valued at $215,000 after purchasing an additional 124 shares during the period. Finally, Intrust Bank NA grew its position in Axcelis Technologies by 3.2% in the 4th quarter. Intrust Bank NA now owns 4,477 shares of the semiconductor company’s stock worth $581,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

About Axcelis Technologies

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.