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

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

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

Insiders Place Their Bets

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total value of $669,338.28. Following the completion of the sale, the director now directly owns 5,891 shares in the company, valued at $647,892.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Axcelis Technologies

A number of institutional investors and hedge funds have recently modified their holdings of ACLS. Boston Trust Walden Corp acquired a new stake in shares of Axcelis Technologies during the 3rd quarter valued at $53,099,000. Reinhart Partners LLC. lifted its position in shares of Axcelis Technologies by 64.1% during the 3rd quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company’s stock valued at $72,096,000 after acquiring an additional 268,560 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Axcelis Technologies by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock valued at $480,040,000 after acquiring an additional 263,604 shares during the last quarter. Granite Investment Partners LLC acquired a new stake in shares of Axcelis Technologies during the 2nd quarter valued at $27,801,000. Finally, Boston Partners acquired a new stake in shares of Axcelis Technologies during the 1st quarter valued at $20,819,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Stock Down 0.0 %

NASDAQ:ACLS opened at $89.89 on Friday. The firm has a market capitalization of $2.92 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 3.02 and a beta of 1.58. The stock has a 50 day moving average of $101.76 and a 200-day moving average of $114.24. Axcelis Technologies has a 52 week low of $88.89 and a 52 week high of $158.61. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.37 by $0.18. The company had revenue of $256.51 million during the quarter, compared to analyst estimates of $250.06 million. Axcelis Technologies had a return on equity of 27.35% and a net margin of 21.54%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.86 earnings per share. Analysts predict that Axcelis Technologies will post 6.05 EPS for the current year.

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.