In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on Axcelis Technologies (NASDAQ: ACLS), with a price target of $32. The company’s shares closed yesterday at $21.55, close to its 52-week low of $18.60.
According to TipRanks.com, Miller is a top 25 analyst with an average return of 27.2% and a 73.2% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, MKS Instruments, and Nanometrics Inc.
Currently, the analyst consensus on Axcelis Technologies is a Moderate Buy with an average price target of $30.
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Based on Axcelis Technologies’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $13.92 million. In comparison, last year the company had a net profit of $13.93 million.
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Axcelis Technologies, Inc. engages in the design, manufacture and service of dry strip, ion implantation and other processing equipment used in the fabrication of semiconductor chips. The company provides service and support, including spare parts, equipment upgrades, maintenance services and customer training.
