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Axcelis Technologies (NASDAQ:ACLS) had its price target upped by B. Riley from $55.00 to $58.00 in a research report report published on Friday, The Fly reports. They currently have a buy rating on the semiconductor company’s stock. B. Riley also issued estimates for Axcelis Technologies’ Q1 2021 earnings at $0.32 EPS, Q2 2021 earnings at $0.46 EPS, Q3 2021 earnings at $0.59 EPS and Q4 2021 earnings at $0.68 EPS.

Several other brokerages have also recently commented on ACLS. Benchmark boosted their price target on shares of Axcelis Technologies from $33.00 to $38.00 in a research note on Wednesday, January 13th. Zacks Investment Research upgraded shares of Axcelis Technologies from a sell rating to a buy rating and set a $43.00 target price on the stock in a report on Wednesday, February 10th. Craig Hallum boosted their target price on shares of Axcelis Technologies from $32.00 to $42.00 and gave the stock a buy rating in a report on Wednesday, January 13th. Finally, Needham & Company LLC boosted their target price on shares of Axcelis Technologies from $37.00 to $42.00 and gave the stock a buy rating in a report on Thursday, January 21st. Seven research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average price target of $41.29.

Shares of ACLS stock opened at $39.76 on Friday. The stock has a market cap of $1.33 billion, a P/E ratio of 29.89 and a beta of 1.42. Axcelis Technologies has a 52 week low of $12.99 and a 52 week high of $40.95. The company has a quick ratio of 3.98, a current ratio of 6.28 and a debt-to-equity ratio of 0.10. The company’s fifty day simple moving average is $34.26 and its two-hundred day simple moving average is $27.40.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Tuesday, February 9th. The semiconductor company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $122.20 million for the quarter, compared to analysts’ expectations of $105.74 million. Axcelis Technologies had a net margin of 9.79% and a return on equity of 10.28%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 EPS. On average, analysts anticipate that Axcelis Technologies will post 1.32 EPS for the current fiscal year.

In related news, Director John T. Kurtzweil sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $27.52, for a total transaction of $82,560.00. Following the completion of the transaction, the director now owns 34,439 shares in the company, valued at approximately $947,761.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Lynnette C. Fallon sold 28,648 shares of the business’s stock in a transaction on Tuesday, November 17th. The shares were sold at an average price of $26.00, for a total value of $744,848.00. The disclosure for this sale can be found here. Insiders sold a total of 50,148 shares of company stock worth $1,334,863 over the last three months. 2.93% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank boosted its holdings in Axcelis Technologies by 1.1% during the 4th quarter. Comerica Bank now owns 35,195 shares of the semiconductor company’s stock valued at $1,411,000 after acquiring an additional 366 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Axcelis Technologies by 3.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 13,453 shares of the semiconductor company’s stock valued at $296,000 after acquiring an additional 500 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Axcelis Technologies by 3.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 19,940 shares of the semiconductor company’s stock valued at $581,000 after acquiring an additional 597 shares during the period. Guggenheim Capital LLC boosted its holdings in Axcelis Technologies by 4.6% during the 3rd quarter. Guggenheim Capital LLC now owns 13,623 shares of the semiconductor company’s stock valued at $300,000 after acquiring an additional 599 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in Axcelis Technologies by 0.9% during the 4th quarter. Public Sector Pension Investment Board now owns 74,094 shares of the semiconductor company’s stock valued at $2,158,000 after acquiring an additional 630 shares during the period. Institutional investors own 83.38% 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. The company offers high energy, high current, and medium current implanters for various application requirements.

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