Axcelis Technologies, Inc. (NASDAQ:ACLS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have been given an average rating of “Hold” by the seven analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $154.00.

ACLS has been the topic of a number of research analyst reports. William Blair cut Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Craig Hallum lowered their price target on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th.

Institutional Trading of Axcelis Technologies

Several hedge funds have recently modified their holdings of ACLS. Mackenzie Financial Corp raised its holdings in Axcelis Technologies by 186.3% during the 4th quarter. Mackenzie Financial Corp now owns 5,887 shares of the semiconductor company’s stock valued at $411,000 after buying an additional 3,831 shares during the period. Western Wealth Management LLC purchased a new stake in Axcelis Technologies during the 4th quarter valued at $510,000. Breed s Hill Capital LLC purchased a new stake in Axcelis Technologies during the 4th quarter valued at $210,000. CSS LLC IL purchased a new stake in Axcelis Technologies during the 4th quarter valued at $385,000. Finally, PharVision Advisers LLC purchased a new stake in Axcelis Technologies during the 4th quarter valued at $204,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Axcelis Technologies Trading Down 0.5 %

Shares of NASDAQ:ACLS opened at $54.72 on Friday. The stock has a 50 day moving average of $67.53 and a 200 day moving average of $83.66. The company has a market cap of $1.78 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52. The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04. Axcelis Technologies has a 12-month low of $53.67 and a 12-month high of $158.61.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.29. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. As a group, equities research analysts expect that Axcelis Technologies will post 2.55 EPS for the current year.

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.