Needham & Company LLC Reaffirms Hold Rating for Axcelis Technologies (NASDAQ:ACLS)

Needham & Company LLC reiterated their hold rating on shares of Axcelis Technologies (NASDAQ:ACLS) in a research report sent to investors on Friday,Benzinga reports.

Other research analysts have also recently issued research reports about the company. DA Davidson lifted their target price on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 15th. Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Craig Hallum raised their price objective on Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, B. Riley cut their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $167.33.

Axcelis Technologies Price Performance

ACLS stock traded down $2.02 on Friday, reaching $85.08. The company had a trading volume of 935,682 shares, compared to its average volume of 630,446. Axcelis Technologies has a 1 year low of $81.47 and a 1 year high of $158.61. The company’s fifty day moving average is $96.91 and its 200 day moving average is $113.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.26 and a current ratio of 4.42. The company has a market cap of $2.78 billion, a P/E ratio of 12.59, a PEG ratio of 2.57 and a beta of 1.60.

Institutional Trading of Axcelis Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of ACLS. Janney Montgomery Scott LLC increased its holdings in Axcelis Technologies by 143.3% in the first quarter. Janney Montgomery Scott LLC now owns 29,006 shares of the semiconductor company’s stock valued at $3,235,000 after buying an additional 17,084 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Axcelis Technologies during the first quarter valued at approximately $594,000. Texas Permanent School Fund Corp grew its holdings in shares of Axcelis Technologies by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 28,606 shares of the semiconductor company’s stock valued at $3,190,000 after purchasing an additional 317 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Axcelis Technologies during the first quarter valued at approximately $791,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Axcelis Technologies during the first quarter valued at approximately $2,137,000. 89.98% of the stock is owned by institutional investors.

About Axcelis Technologies

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.