Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Axcelis Technologies, Inc. (NASDAQ:ACLS) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $173.00.

Several research analysts have weighed in on ACLS shares. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, May 3rd. Benchmark dropped their price objective on shares of Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Craig Hallum upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Friday, May 3rd. Finally, B. Riley lifted their target price on shares of Axcelis Technologies from $155.00 to $175.00 and gave the company a “buy” rating in a report on Thursday.

Axcelis Technologies Trading Up 1.2 %

Shares of Axcelis Technologies stock opened at $137.68 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.87 and a current ratio of 4.00. The company has a market capitalization of $4.48 billion, a P/E ratio of 18.19, a PEG ratio of 3.30 and a beta of 1.54. Axcelis Technologies has a 1 year low of $93.77 and a 1 year high of $201.00. The company’s fifty day moving average is $114.98 and its two-hundred day moving average is $118.28.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.31. The business had revenue of $252.37 million during the quarter, compared to the consensus estimate of $242.55 million. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. Analysts forecast that Axcelis Technologies will post 6.41 earnings per share for the current year.

Insider Buying and Selling at Axcelis Technologies

In related news, Director John T. Kurtzweil sold 1,200 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $114.42, for a total transaction of $137,304.00. Following the sale, the director now owns 33,146 shares of the company’s stock, valued at $3,792,565.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Axcelis Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC raised its position in Axcelis Technologies by 26.7% during the third quarter. HighTower Advisors LLC now owns 4,749 shares of the semiconductor company’s stock worth $773,000 after acquiring an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Axcelis Technologies by 14.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,189 shares of the semiconductor company’s stock worth $520,000 after purchasing an additional 392 shares during the last quarter. Nordea Investment Management AB purchased a new stake in Axcelis Technologies in the 3rd quarter valued at approximately $317,000. Hsbc Holdings PLC acquired a new stake in Axcelis Technologies during the 3rd quarter valued at $479,000. Finally, Mariner LLC grew its holdings in shares of Axcelis Technologies by 13.2% during the 3rd quarter. Mariner LLC now owns 2,924 shares of the semiconductor company’s stock worth $477,000 after purchasing an additional 340 shares during the period. 89.98% of the stock is owned by institutional investors and hedge funds.

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.