In a report released yesterday, Mark Miller from Benchmark Co. maintained a Buy rating on Axcelis Technologies (ACLS), with a price target of $32.00. The company’s shares closed last Monday at $27.99, close to its 52-week high of $28.75.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 22.9% and a 70.2% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as MKS Instruments, Onto Innovation, and Western Digital.
Axcelis Technologies has an analyst consensus of Strong Buy, with a price target consensus of $30.80, an 11.6% upside from current levels. In a report issued on February 3, B.Riley FBR also maintained a Buy rating on the stock with a $27.00 price target.
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Based on Axcelis Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $9.71 million. In comparison, last year the company had a net profit of $8.46 million.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACLS in relation to earlier this year. Most recently, in December 2019, John Fletcher, a Director at ACLS sold 20,000 shares for a total of $470,400.
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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. It provides service and support, including spare parts, equipment upgrades, maintenance services and customer training.