Benchmark Co. analyst Mark Miller maintained a Buy rating on Axcelis Technologies (NASDAQ:ACLS) on Thursday, setting a price target of $45, which is approximately 15.62% above the present share price of $38.92.
Miller expects Axcelis Technologies to post earnings per share (EPS) of $0.32 for the first quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Axcelis Technologies, with an average price target of $46.2.
The analysts price targets range from a high of $58 to a low of $42.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $110.41 million and a net profit of $13.88 million. The company's market cap is $1.3 billion.
According to TipRanks.com, Benchmark Co. analyst Mark Miller is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.9% and a 70.95% success rate.
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. The firms' products include Purion H, which is next generation single wafer high current implanter; Optima HDx, is designed to maximize beam current, minimize beam setup time and deliver productive process across the applications space; Purion XE, is next generation single wafer high energy implanter, it is the second tool in the expanding family of Purion ion implanters; Optima XEx, includes implant energies matched to meet the changing needs of today's advanced device manufacturing; Paradigm XE, offers implant energies matched to meet the changing needs of advanced logic and memory manufacturing and Purion M, is a low energy, medium current ion implanter for all channel engineering applications in the low dose and mid dose regimes. It also sells equipment and services through direct sales, distributors and manufacturing representatives. The company was founded in 1978 and is headquartered in Beverly, MA.