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

Axcelis Technologies, Inc. (NASDAQ:ACLS) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $155.83.

Several research analysts have recently weighed in on the stock. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Finally, 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 research report on Wednesday, January 15th.

Axcelis Technologies Trading Down 3.4 %

Shares of ACLS opened at $65.70 on Tuesday. The firm’s fifty day moving average is $72.37 and its two-hundred day moving average is $91.17. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.14 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 2.48 and a beta of 1.52. Axcelis Technologies has a 52-week low of $64.18 and a 52-week high of $158.61.

Institutional Trading of Axcelis Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of ACLS. Avior Wealth Management LLC increased its stake in Axcelis Technologies by 1,153.8% during the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 450 shares during the period. Blue Trust Inc. increased its stake in Axcelis Technologies by 85.5% during the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 289 shares during the period. Truvestments Capital LLC purchased a new stake in Axcelis Technologies during the third quarter worth about $69,000. Palouse Capital Management Inc. purchased a new stake in Axcelis Technologies during the fourth quarter worth about $79,000. Finally, KBC Group NV increased its stake in Axcelis Technologies by 46.8% during the fourth quarter. KBC Group NV now owns 1,371 shares of the semiconductor company’s stock worth $96,000 after purchasing an additional 437 shares during the period. 89.98% of the stock is currently owned by hedge funds and other 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.