Brokerages Set Axcelis Technologies, Inc. (NASDAQ:ACLS) Price Target at $154.00

Axcelis Technologies, Inc. (NASDAQ:ACLS) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $154.00.

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

Axcelis Technologies Stock Up 4.0 %

Shares of ACLS opened at $58.54 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52. Axcelis Technologies has a 1 year low of $53.67 and a 1 year high of $158.61. The business’s 50 day simple moving average is $66.63 and its 200-day simple moving average is $82.25.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results 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 net margin of 19.75% and a return on equity of 21.02%. As a group, equities analysts expect that Axcelis Technologies will post 2.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Signaturefd LLC lifted its stake in shares of Axcelis Technologies by 90.6% during the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 173 shares during the last quarter. Avior Wealth Management LLC increased its stake in Axcelis Technologies by 1,153.8% in the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 450 shares during the period. Capital Advisors Ltd. LLC lifted its position in shares of Axcelis Technologies by 1,415.2% during the fourth quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 467 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Axcelis Technologies by 85.5% during the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 289 shares during the period. Finally, Truvestments Capital LLC bought a new position in shares of Axcelis Technologies in the third quarter worth about $69,000. Hedge funds and other 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.