Axcelis Technologies (NASDAQ:ACLS) Stock Rating Lowered by Benchmark

Axcelis Technologies (NASDAQ:ACLS) was downgraded by equities research analysts at Benchmark from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, Marketbeat Ratings reports.

A number of other equities analysts have also commented on ACLS. B. Riley lowered their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. DA Davidson raised their price target on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. Finally, Craig Hallum raised their target price on shares of Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a report on Friday, July 12th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Axcelis Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $167.33.

Axcelis Technologies Stock Down 2.3 %

Shares of ACLS opened at $85.08 on Friday. 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 has a 12 month low of $81.47 and a 12 month high of $158.61. The firm’s 50 day moving average is $96.91 and its 200-day moving average is $113.25. The stock has a market capitalization of $2.78 billion, a PE ratio of 12.59, a P/E/G ratio of 2.65 and a beta of 1.60.

Institutional Trading of Axcelis Technologies

Large investors have recently bought and sold shares of the business. Landscape Capital Management L.L.C. acquired a new stake in shares of Axcelis Technologies in the 3rd quarter valued at approximately $572,000. Intech Investment Management LLC lifted its stake in Axcelis Technologies by 157.3% in the 3rd quarter. Intech Investment Management LLC now owns 11,094 shares of the semiconductor company’s stock valued at $1,163,000 after purchasing an additional 6,782 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Axcelis Technologies by 12.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 510,894 shares of the semiconductor company’s stock valued at $53,568,000 after buying an additional 55,048 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Axcelis Technologies by 27.6% during the third quarter. Advisors Asset Management Inc. now owns 1,293 shares of the semiconductor company’s stock worth $136,000 after buying an additional 280 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in shares of Axcelis Technologies by 51.2% during the third quarter. Quest Partners LLC now owns 3,975 shares of the semiconductor company’s stock worth $417,000 after buying an additional 1,346 shares in the last quarter. 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.