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

Axcelis Technologies, Inc. (NASDAQ:ACLS) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $167.33.

Several brokerages recently issued reports on ACLS. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Benchmark downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

Hedge Funds Weigh In On Axcelis Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its stake in shares of Axcelis Technologies by 44.9% in the second quarter. Commonwealth Equity Services LLC now owns 10,086 shares of the semiconductor company’s stock worth $1,434,000 after acquiring an additional 3,127 shares during the period. Arizona State Retirement System grew its position in Axcelis Technologies by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 9,134 shares of the semiconductor company’s stock worth $1,299,000 after purchasing an additional 134 shares during the period. Quest Partners LLC grew its position in Axcelis Technologies by 2,226.5% during the 2nd quarter. Quest Partners LLC now owns 2,629 shares of the semiconductor company’s stock worth $374,000 after purchasing an additional 2,516 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Axcelis Technologies during the 2nd quarter valued at about $39,000. Finally, Wedbush Securities Inc. acquired a new position in shares of Axcelis Technologies in the 2nd quarter valued at about $297,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $73.10 on Friday. Axcelis Technologies has a 12-month low of $68.23 and a 12-month high of $158.61. The business’s fifty day simple moving average is $75.48 and its 200-day simple moving average is $100.00. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.38 billion, a PE ratio of 10.81, a PEG ratio of 2.36 and a beta of 1.53.

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.