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Needham disclosed Axcelis Tech (NASDAQ:ACLS), hiking its price target to $17.00 today

In a report released on 10/05/2016 Needham increased the stock price target of Axcelis Tech (NASDAQ:ACLS) from $15.00 to $17.00 indicating a possible upside of 0.24%.

On 07/01/2015, The Benchmark Company released a statement for Axcelis Tech (NASDAQ:ACLS) bumped up the target price from $0.00 to $4.00 that suggested an upside of 0%.

Boasting a price of $13.75, Axcelis Tech (NASDAQ:ACLS) traded -1.01% lower on the day. With the last stock price close up 22.90% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Axcelis Tech has recorded a 50-day average of $12.38 and a two hundred day average of $11.19. Volume of trade was up over the average, with 197,846 shares of ACLS changing hands over the typical 146,012

Performance Chart

Axcelis Tech (NASDAQ:ACLS)

With a total market value of $0, Axcelis Tech has price-earnings ratio of 36.18 with a one year low of $7.16 and a one year high of $14.14 .

Brief Synopsis About Axcelis Tech (NASDAQ:ACLS)

Axcelis Technologies, Inc. designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company operates through the manufacture of capital equipment for the semiconductor manufacturing industry segment. The Company sells its equipment to semiconductor chip manufacturers across the world. In addition to equipment, it provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. The Company offers a line of high energy, high current and medium current implanters for various application requirements. Its other products include legacy dry strip equipment, curing systems and thermal processing systems. The Company's systems are based on a Purion platform, which offers purity, precision and productivity by combining a single wafer end station, enabling unmatched throughput (approximately 500 wafers per hour), and a spot beam.

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