Craig Hallum Issues Pessimistic Forecast for Axcelis Technologies (NASDAQ:ACLS) Stock Price

Axcelis Technologies (NASDAQ:ACLS) had its target price reduced by stock analysts at Craig Hallum from $115.00 to $105.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s target price points to a potential upside of 45.87% from the stock’s previous close.

ACLS has been the topic of a number of other research reports. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $71.98 on Wednesday. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. Axcelis Technologies has a 52-week low of $66.75 and a 52-week high of $158.61. The business has a 50-day simple moving average of $73.88 and a 200-day simple moving average of $97.60. The stock has a market cap of $2.34 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 2.53 and a beta of 1.53.

Institutional Trading of Axcelis Technologies

Several hedge funds have recently added to or reduced their stakes in ACLS. Xponance Inc. lifted its position in Axcelis Technologies by 4.7% in the second quarter. Xponance Inc. now owns 2,061 shares of the semiconductor company’s stock valued at $293,000 after acquiring an additional 92 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in Axcelis Technologies by 6.1% during the second quarter. Evergreen Capital Management LLC now owns 1,984 shares of the semiconductor company’s stock worth $282,000 after acquiring an additional 114 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Axcelis Technologies by 11.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company’s stock worth $112,000 after acquiring an additional 114 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Axcelis Technologies by 5.8% in the third quarter. Crossmark Global Holdings Inc. now owns 2,398 shares of the semiconductor company’s stock valued at $251,000 after buying an additional 132 shares in the last quarter. Finally, Profund Advisors LLC raised its position in Axcelis Technologies by 3.5% during the second quarter. Profund Advisors LLC now owns 4,003 shares of the semiconductor company’s stock worth $569,000 after acquiring an additional 137 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

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.