Axcelis Technologies (NASDAQ:ACLS) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Axcelis Technologies (NASDAQ:ACLS) in a report released on Friday, Benzinga reports.

Several other analysts have also commented on ACLS. B. Riley boosted their price target on Axcelis Technologies from $175.00 to $190.00 and gave the company a buy rating in a research note on Friday, July 12th. Bank of America boosted their price target on Axcelis Technologies from $125.00 to $150.00 and gave the company a neutral rating in a research note on Wednesday, July 10th. Craig Hallum boosted their price target on Axcelis Technologies from $130.00 to $174.00 and gave the company a buy rating in a research note on Friday, July 12th. Benchmark boosted their price target on Axcelis Technologies from $170.00 to $180.00 and gave the company a buy rating in a research note on Monday, July 15th. Finally, DA Davidson boosted their price target on Axcelis Technologies from $150.00 to $175.00 and gave the company a buy rating in a research note on Monday, July 15th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $167.33.

Axcelis Technologies Price Performance

Shares of NASDAQ:ACLS opened at $109.28 on Friday. Axcelis Technologies has a 1-year low of $93.77 and a 1-year high of $196.03. The firm has a market capitalization of $3.55 billion, a PE ratio of 14.44, a PEG ratio of 1.63 and a beta of 1.61. The business’s 50 day moving average is $132.03 and its 200-day moving average is $120.26. The company has a current ratio of 4.42, a quick ratio of 2.87 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.18. Axcelis Technologies had a return on equity of 27.35% and a net margin of 21.54%. The company had revenue of $256.51 million for the quarter, compared to analyst estimates of $250.06 million. During the same quarter last year, the firm earned $1.86 EPS. Axcelis Technologies’s revenue for the quarter was down 6.4% compared to the same quarter last year. Sell-side analysts predict that Axcelis Technologies will post 6.76 earnings per share for the current year.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of Axcelis Technologies stock in a transaction on Monday, May 20th. The stock was sold at an average price of $114.42, for a total value of $137,304.00. Following the completion of the transaction, the director now owns 33,146 shares in the company, valued at approximately $3,792,565.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.43% of the company’s stock.

Institutional Investors Weigh In On Axcelis Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Rakuten Securities Inc. bought a new stake in shares of Axcelis Technologies during the fourth quarter worth $27,000. Signaturefd LLC raised its position in shares of Axcelis Technologies by 348.9% during the second quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 164 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Axcelis Technologies by 109.4% during the first quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 139 shares during the last quarter. Blue Trust Inc. raised its position in shares of 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 acquiring an additional 188 shares during the last quarter. Finally, Private Trust Co. NA raised its position in shares of Axcelis Technologies by 627.9% during the fourth quarter. Private Trust Co. NA now owns 313 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 270 shares during the last quarter. Institutional investors 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.