Axcelis Technologies, Inc. (NASDAQ:ACLS) Given Average Rating of “Moderate Buy” by Analysts

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $154.00.

A number of equities research analysts have recently issued reports on the stock. Craig Hallum lowered their price target 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 research report on Friday, November 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th.

Axcelis Technologies Stock Performance

Shares of Axcelis Technologies stock opened at $67.58 on Tuesday. The company has a market cap of $2.20 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52. Axcelis Technologies has a 52 week low of $63.08 and a 52 week high of $158.61. The business has a 50 day moving average price of $71.47 and a 200-day moving average price of $88.83. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.29. Axcelis Technologies had a net margin of 20.65% and a return on equity of 24.16%. Equities analysts anticipate that Axcelis Technologies will post 5.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in Axcelis Technologies by 40.0% in the third quarter. Van ECK Associates Corp now owns 23,751 shares of the semiconductor company’s stock worth $2,490,000 after acquiring an additional 6,786 shares during the period. Royce & Associates LP lifted its position in Axcelis Technologies by 157.1% during the third quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company’s stock valued at $28,694,000 after buying an additional 167,235 shares during the period. Harbor Capital Advisors Inc. lifted its position in Axcelis Technologies by 243.8% during the third quarter. Harbor Capital Advisors Inc. now owns 60,328 shares of the semiconductor company’s stock valued at $6,325,000 after buying an additional 42,779 shares during the period. Annex Advisory Services LLC lifted its position in Axcelis Technologies by 72.0% during the third quarter. Annex Advisory Services LLC now owns 12,226 shares of the semiconductor company’s stock valued at $1,282,000 after buying an additional 5,118 shares during the period. Finally, FMR LLC lifted its position in Axcelis Technologies by 51.4% during the third quarter. FMR LLC now owns 263,332 shares of the semiconductor company’s stock valued at $27,610,000 after buying an additional 89,453 shares during the period. Institutional investors own 89.98% of the company’s stock.

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.