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

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $167.33.

Several equities research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. Benchmark lowered their target price on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Craig Hallum upped their price target on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. B. Riley lowered their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, DA Davidson boosted their target price on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 15th.

Insider Transactions at Axcelis Technologies

In related news, Director Jorge Titinger sold 6,086 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total transaction of $669,338.28. Following the sale, the director now directly owns 5,891 shares of the company’s stock, valued at approximately $647,892.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.43% of the stock is owned by insiders.

Institutional Trading of Axcelis Technologies

Several institutional investors have recently added to or reduced their stakes in ACLS. CWM LLC lifted its holdings in shares of Axcelis Technologies by 4.8% during the second quarter. CWM LLC now owns 1,506 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 69 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Axcelis Technologies by 4.7% during the 2nd quarter. Xponance Inc. now owns 2,061 shares of the semiconductor company’s stock valued at $293,000 after acquiring an additional 92 shares during the last quarter. Andina Capital Management LLC grew its stake in shares of Axcelis Technologies by 3.7% in the second quarter. Andina Capital Management LLC now owns 2,791 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 99 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Axcelis Technologies by 17.5% during the first quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 100 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its position in Axcelis Technologies by 6.1% during the second quarter. Evergreen Capital Management LLC now owns 1,984 shares of the semiconductor company’s stock valued at $282,000 after purchasing an additional 114 shares during the period. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Axcelis Technologies Stock Performance

NASDAQ ACLS opened at $101.76 on Wednesday. The company has a 50-day simple moving average of $109.14 and a two-hundred day simple moving average of $116.01. Axcelis Technologies has a 12-month low of $93.77 and a 12-month high of $170.97. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 3.09 and a beta of 1.58. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.37 by $0.18. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The company had revenue of $256.51 million for the quarter, compared to the consensus estimate of $250.06 million. During the same period in the previous year, the firm earned $1.86 earnings per share. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities analysts forecast that Axcelis Technologies will post 6.05 EPS for the current 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.