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

Axcelis Technologies, Inc. (NASDAQ:ACLS) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $167.33.

ACLS has been the subject of several recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. B. Riley dropped their target price on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $71.00 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. Axcelis Technologies has a fifty-two week low of $69.35 and a fifty-two week high of $158.61. The stock’s 50-day moving average is $93.69 and its two-hundred day moving average is $112.02. The firm has a market cap of $2.31 billion, a P/E ratio of 10.50, a PEG ratio of 2.28 and a beta of 1.60.

Institutional Investors Weigh In On Axcelis Technologies

Several large investors have recently modified their holdings of ACLS. Signaturefd LLC lifted its stake in shares of Axcelis Technologies by 348.9% in the second quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 164 shares in the last quarter. Blue Trust Inc. boosted its holdings in Axcelis Technologies by 223.8% during the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Axcelis Technologies in the second quarter worth about $39,000. Isthmus Partners LLC raised its position in Axcelis Technologies by 87.3% in the second quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 15,507 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in Axcelis Technologies in the second quarter worth about $69,000. 89.98% of the stock is currently 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.