Axcelis Technologies (ACLS) Receives a Rating Update from a Top Analyst

By Jason Carr

In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on Axcelis Technologies (ACLSResearch Report), with a price target of $26. The company’s shares opened today at $15.59, close to its 52-week low of $14.47.

According to TipRanks.com, Miller is a top 100 analyst with an average return of 20.1% and a 65.5% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Amtech Systems Inc, and MKS Instruments.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Axcelis Technologies with a $24.33 average price target.

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The company has a one-year high of $25.17 and a one-year low of $14.47. Currently, Axcelis Technologies has an average volume of 231.4K.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2019, John Fletcher, a Director at ACLS sold 22,500 shares for a total of $455,950.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.