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A statement released earlier today by Needham Company LLC about Axcelis Technologies (NDAQ:ACLS) bumps the target price to $27.00

Needham Company LLC bumped up the target of Axcelis Technologies (NDAQ:ACLS) to $27.00 stating a potential upside of 0.15%.

On 06/16/2017, Needham released a statement on Axcelis Technologies (NDAQ:ACLS) bumped up the target price from $23.00 to $27.00 that suggested an upside of 0.15%.

Boasting a price of $23.55, Axcelis Technologies (NDAQ:ACLS) traded 2.89% higher on the day. With the last close up 21.13% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Axcelis Technologies has recorded a 50-day average of $21.22 and a two hundred day average of $20.60. Volume of trade was up over the average, with 486,387 shares of ACLS changing hands over the typical 393,366

Performance Chart

Axcelis Technologies (NDAQ:ACLS)

With a total market value of $0, Axcelis Technologies has price-earnings ratio of 26.77 with a one year low of $11.05 and a one year high of $26.53 .

More About Axcelis Technologies (NDAQ:ACLS)

Axcelis Technologies, Inc. designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. The Company offers a complete line of high energy, high current and medium current implanters for all application requirements. The Company's Purion XE high energy system combines its radio frequency (RF) Linac high energy, spot beam technology with the Purion platform. The Company also offers the Purion M medium current system. The Company's Purion M systems also offer differentiation for specialty applications, such as hot silicon carbide. The Company's Purion H high current system is extendable into ultra-low energy applications to satisfy future process requirements, including leakage current performance.

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