Needham & Company LLC Reaffirms “Hold” Rating for Axcelis Technologies (NASDAQ:ACLS)

Axcelis Technologies (NASDAQ:ACLS)‘s stock had its “hold” rating restated by investment analysts at Needham & Company LLC in a report issued on Wednesday,Benzinga reports.

Several other research analysts also recently commented on the company. Craig Hallum cut their target price on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. William Blair downgraded Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Axcelis Technologies currently has a consensus rating of “Hold” and a consensus price target of $154.00.

Axcelis Technologies Trading Up 3.1 %

Shares of ACLS opened at $61.98 on Wednesday. The business has a 50-day moving average of $70.62 and a 200 day moving average of $87.81. Axcelis Technologies has a fifty-two week low of $56.32 and a fifty-two week high of $158.61. The firm has a market cap of $2.01 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a return on equity of 24.16% and a net margin of 20.65%. As a group, research analysts forecast that Axcelis Technologies will post 5.86 EPS for the current year.

Institutional Trading of Axcelis Technologies

A number of large investors have recently modified their holdings of ACLS. Truist Financial Corp bought a new stake in shares of Axcelis Technologies during the 2nd quarter valued at about $673,000. Sanctuary Advisors LLC bought a new stake in shares of Axcelis Technologies during the 2nd quarter valued at about $447,000. CWM LLC boosted its position in shares of Axcelis Technologies by 17.7% during the 3rd quarter. CWM LLC now owns 1,772 shares of the semiconductor company’s stock valued at $186,000 after acquiring an additional 266 shares during the last quarter. Creative Planning boosted its position in shares of Axcelis Technologies by 15.6% during the 3rd quarter. Creative Planning now owns 35,681 shares of the semiconductor company’s stock valued at $3,741,000 after acquiring an additional 4,820 shares during the last quarter. Finally, CFM Wealth Partners LLC boosted its position in shares of Axcelis Technologies by 0.7% during the 3rd quarter. CFM Wealth Partners LLC now owns 26,263 shares of the semiconductor company’s stock valued at $2,929,000 after acquiring an additional 186 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

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.