Axcelis Technologies (NASDAQ:ACLS) Price Target Lowered to $80.00 at B. Riley

Axcelis Technologies (NASDAQ:ACLS – Get Rating) had its price objective reduced by analysts at B. Riley from $98.00 to $80.00 in a research report issued on Wednesday, The Fly reports. B. Riley’s price objective points to a potential upside of 43.94% from the company’s current price.

Separately, StockNews.com lowered Axcelis Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 25th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Axcelis Technologies currently has an average rating of “Buy” and an average price target of $75.75.

NASDAQ:ACLS opened at $55.58 on Wednesday. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 15.31 and a beta of 1.66. Axcelis Technologies has a 1 year low of $33.36 and a 1 year high of $83.74. The business has a 50 day simple moving average of $57.98 and a 200-day simple moving average of $64.51. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.40 and a quick ratio of 3.02.

Axcelis Technologies (NASDAQ:ACLS – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.30. Axcelis Technologies had a return on equity of 23.53% and a net margin of 16.88%. The business had revenue of $203.60 million during the quarter, compared to analyst estimates of $193.12 million. During the same period last year, the company earned $0.48 EPS. The company’s revenue for the quarter was up 53.3% on a year-over-year basis. As a group, analysts expect that Axcelis Technologies will post 4.4 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its holdings in Axcelis Technologies by 57.7% during the 1st quarter. CWM LLC now owns 514 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 188 shares during the period. Diversified Trust Co increased its holdings in shares of Axcelis Technologies by 4.6% in the 4th quarter. Diversified Trust Co now owns 4,479 shares of the semiconductor company’s stock valued at $334,000 after acquiring an additional 196 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Axcelis Technologies by 0.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 28,925 shares of the semiconductor company’s stock valued at $2,243,000 after acquiring an additional 209 shares during the period. Mutual of America Capital Management LLC grew its stake in Axcelis Technologies by 5.4% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,800 shares of the semiconductor company’s stock worth $363,000 after buying an additional 248 shares during the last quarter. Finally, Guggenheim Capital LLC grew its stake in Axcelis Technologies by 8.5% during the 1st quarter. Guggenheim Capital LLC now owns 3,237 shares of the semiconductor company’s stock worth $244,000 after buying an additional 253 shares during the last quarter. Institutional investors own 83.38% of the company’s stock.

About Axcelis Technologies (Get Rating)

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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