Axcelis Technologies’ (ACLS) Buy Rating Reaffirmed at B. Riley

Axcelis Technologies (NASDAQ:ACLS)‘s stock had its “buy” rating restated by equities researchers at B. Riley in a note issued to investors on Tuesday. They currently have a $39.00 price target on the semiconductor company’s stock. B. Riley’s target price would indicate a potential upside of 33.11% from the stock’s current price.

ACLS has been the subject of a number of other reports. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Friday, September 15th. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Craig Hallum downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Benchmark restated a “buy” rating and issued a $28.00 target price (up from $24.00) on shares of Axcelis Technologies in a research report on Friday, September 8th. Finally, Stifel Nicolaus upped their target price on Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Axcelis Technologies currently has a consensus rating of “Hold” and a consensus price target of $31.33.

Axcelis Technologies (NASDAQ:ACLS) traded up $0.15 on Tuesday, reaching $29.30. The company’s stock had a trading volume of 660,700 shares, compared to its average volume of 441,456. The firm has a market capitalization of $915.69, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 1.01 and a beta of 1.07. Axcelis Technologies has a 12-month low of $13.00 and a 12-month high of $37.05.

In other news, Director John T. Kurtzweil sold 1,800 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total transaction of $61,254.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin J. Brewer sold 44,640 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $33.93, for a total value of $1,514,635.20. The disclosure for this sale can be found here. Insiders have sold a total of 265,038 shares of company stock valued at $8,016,850 in the last quarter. Insiders own 5.66% of the company’s stock.

Several large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in Axcelis Technologies by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,397 shares of the semiconductor company’s stock valued at $510,000 after purchasing an additional 660 shares during the period. TIAA CREF Investment Management LLC raised its stake in Axcelis Technologies by 1.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 79,807 shares of the semiconductor company’s stock valued at $1,672,000 after purchasing an additional 1,147 shares during the period. New York State Common Retirement Fund raised its stake in Axcelis Technologies by 4.7% during the 2nd quarter. New York State Common Retirement Fund now owns 30,975 shares of the semiconductor company’s stock valued at $649,000 after purchasing an additional 1,399 shares during the period. Wells Fargo & Company MN raised its stake in Axcelis Technologies by 5.2% during the 2nd quarter. Wells Fargo & Company MN now owns 28,572 shares of the semiconductor company’s stock valued at $599,000 after purchasing an additional 1,416 shares during the period. Finally, American International Group Inc. raised its stake in Axcelis Technologies by 8.1% during the 3rd quarter. American International Group Inc. now owns 20,140 shares of the semiconductor company’s stock valued at $551,000 after purchasing an additional 1,506 shares during the period. Institutional investors own 78.14% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://stocknewstimes.com/2017/12/06/axcelis-technologies-acls-buy-rating-reaffirmed-at-b-riley.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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axcelis Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply