Trading Report: Today, Axcelis Technologies Inc. (ACLS) Receives “Buy” Rating from B. Riley

Today, Axcelis Technologies Inc. (ACLS) Receives “Buy” Rating from B. Riley

Axcelis Technologies Inc. (NASDAQ:ACLS)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a report released on Tuesday. They currently have a $15.75 target price on the stock. B. Riley’s price target would indicate a potential upside of 14.13% from the company’s previous close.

A number of other equities research analysts also recently commented on ACLS. Zacks Investment Research raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, October 26th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price (down previously from $17.00) on shares of Axcelis Technologies in a report on Thursday, November 3rd. TheStreet raised Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Finally, Benchmark Co. reissued a “buy” rating and issued a $16.00 target price on shares of Axcelis Technologies in a report on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $15.69.

Shares of Axcelis Technologies (NASDAQ:ACLS) traded down 0.72% during midday trading on Tuesday, hitting $13.80. 49,855 shares of the company were exchanged. Axcelis Technologies has a 52-week low of $7.16 and a 52-week high of $14.30. The stock has a market capitalization of $405.28 million, a price-to-earnings ratio of 54.98 and a beta of 1.55. The company has a 50-day moving average price of $13.46 and a 200-day moving average price of $11.83.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Axcelis Technologies had a net margin of 2.93% and a return on equity of 4.06%. The firm had revenue of $67.50 million for the quarter, compared to analyst estimates of $67.74 million. During the same period last year, the firm posted $0.05 EPS. Axcelis Technologies’s quarterly revenue was down 17.2% on a year-over-year basis. On average, analysts forecast that Axcelis Technologies will post $0.29 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in Axcelis Technologies by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 210,391 shares of the company’s stock valued at $545,000 after buying an additional 3,745 shares during the period. TFS Capital LLC increased its position in Axcelis Technologies by 107.2% in the fourth quarter. TFS Capital LLC now owns 1,533,244 shares of the company’s stock valued at $3,971,000 after buying an additional 793,387 shares during the period. Goldman Sachs Group Inc. increased its position in Axcelis Technologies by 276.5% in the first quarter. Goldman Sachs Group Inc. now owns 41,408 shares of the company’s stock valued at $116,000 after buying an additional 30,410 shares during the period. Primecap Management Co. CA increased its position in Axcelis Technologies by 1.0% in the first quarter. Primecap Management Co. CA now owns 13,809,200 shares of the company’s stock valued at $38,666,000 after buying an additional 135,000 shares during the period. Finally, UBS Group AG increased its position in Axcelis Technologies by 16.3% in the first quarter. UBS Group AG now owns 862,095 shares of the company’s stock valued at $2,414,000 after buying an additional 120,544 shares during the period.

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