Axcelis Technologies, Inc. (NASDAQ:ACLS) Given Consensus Rating of “Hold” by Analysts

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $154.00.

A number of research analysts have commented on ACLS shares. William Blair cut shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th. Craig Hallum cut their target price on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th.

Institutional Trading of Axcelis Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its stake in Axcelis Technologies by 11.9% in the third quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company’s stock worth $112,000 after acquiring an additional 114 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Axcelis Technologies by 5.8% in the third quarter. Crossmark Global Holdings Inc. now owns 2,398 shares of the semiconductor company’s stock worth $251,000 after acquiring an additional 132 shares during the period. Bank of Montreal Can lifted its stake in Axcelis Technologies by 3.9% in the fourth quarter. Bank of Montreal Can now owns 4,540 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 170 shares during the period. Signaturefd LLC lifted its stake in Axcelis Technologies by 90.6% in the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 173 shares during the period. Finally, KBC Group NV lifted its stake in Axcelis Technologies by 30.3% in the third quarter. KBC Group NV now owns 934 shares of the semiconductor company’s stock worth $98,000 after acquiring an additional 217 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Up 3.0 %

Shares of NASDAQ ACLS opened at $60.63 on Friday. Axcelis Technologies has a one year low of $53.67 and a one year high of $158.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05. The firm’s 50 day simple moving average is $66.15 and its two-hundred day simple moving average is $81.70. The stock has a market capitalization of $1.97 billion, a P/E ratio of 9.86, a PEG ratio of 4.52 and a beta of 1.52.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.29. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. As a group, analysts expect that Axcelis Technologies will post 2.55 EPS for the current fiscal year.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.