Axcelis Technologies (ACLS) Receives Buy Rating from B. Riley

B. Riley reaffirmed their buy rating on shares of Axcelis Technologies (NASDAQ:ACLS) in a research note released on Tuesday morning. B. Riley currently has a $39.00 target price on the semiconductor company’s stock.

Several other equities analysts also recently weighed in on ACLS. ValuEngine downgraded shares of Axcelis Technologies from a buy rating to a hold rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of Axcelis Technologies from a buy rating to a hold rating in a research note on Friday, September 22nd. Stifel Nicolaus raised their price target on shares of Axcelis Technologies from $20.00 to $31.00 and gave the stock a hold rating in a research note on Wednesday, November 1st. Craig Hallum downgraded shares of Axcelis Technologies from a buy rating to a hold rating in a research note on Friday, November 3rd. Finally, Benchmark reaffirmed a buy rating and set a $28.00 target price (up from $24.00) on shares of Axcelis Technologies in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Axcelis Technologies presently has a consensus rating of Hold and an average price target of $31.33.

Axcelis Technologies (ACLS) traded down $1.20 during trading hours on Tuesday, hitting $29.40. 351,096 shares of the stock traded hands, compared to its average volume of 616,660. The stock has a market capitalization of $961.24, a P/E ratio of 27.08, a P/E/G ratio of 1.06 and a beta of 1.07. Axcelis Technologies has a 12-month low of $13.45 and a 12-month high of $37.05.

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,800 shares of Axcelis Technologies stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $34.03, for a total transaction of $61,254.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin J. Brewer sold 62,348 shares of Axcelis Technologies stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $22.46, for a total transaction of $1,400,336.08. The disclosure for this sale can be found here. Insiders have sold 265,038 shares of company stock worth $8,016,850 over the last ninety days. 5.66% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in ACLS. Teachers Advisors LLC increased its position in shares of Axcelis Technologies by 3.4% during the first quarter. Teachers Advisors LLC now owns 48,234 shares of the semiconductor company’s stock valued at $907,000 after acquiring an additional 1,568 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Axcelis Technologies by 5.2% in the first quarter. Vanguard Group Inc. now owns 1,225,693 shares of the semiconductor company’s stock valued at $23,043,000 after purchasing an additional 61,085 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Axcelis Technologies by 11.9% in the first quarter. Geode Capital Management LLC now owns 231,298 shares of the semiconductor company’s stock valued at $4,348,000 after purchasing an additional 24,530 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Axcelis Technologies by 32.2% in the first quarter. Bank of America Corp DE now owns 22,691 shares of the semiconductor company’s stock valued at $427,000 after purchasing an additional 5,527 shares in the last quarter. Finally, Creative Planning grew its holdings in shares of Axcelis Technologies by 22,400.0% in the second quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 5,600 shares in the last quarter. Institutional investors and hedge funds own 78.14% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Axcelis Technologies (ACLS) Receives Buy Rating from B. Riley” was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/12/09/axcelis-technologies-acls-receives-buy-rating-from-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