Axcelis Technologies’ (ACLS) “Hold” Rating Reiterated at Needham & Company LLC

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

Several other analysts also recently commented on ACLS. B. Riley decreased their target price on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday. Craig Hallum boosted their price objective on shares of Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, DA Davidson boosted their price objective on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Stock Up 0.3 %

ACLS stock opened at $85.33 on Friday. The company’s 50 day simple moving average is $96.91 and its 200-day simple moving average is $113.35. Axcelis Technologies has a 52-week low of $81.47 and a 52-week high of $158.61. The firm has a market capitalization of $2.78 billion, a P/E ratio of 12.62, a P/E/G ratio of 2.60 and a beta of 1.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.26.

Hedge Funds Weigh In On Axcelis Technologies

Several hedge funds have recently made changes to their positions in ACLS. Janney Montgomery Scott LLC lifted its holdings in shares of Axcelis Technologies by 143.3% during the first quarter. Janney Montgomery Scott LLC now owns 29,006 shares of the semiconductor company’s stock worth $3,235,000 after buying an additional 17,084 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Axcelis Technologies in the first quarter valued at approximately $594,000. Texas Permanent School Fund Corp lifted its stake in Axcelis Technologies by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 28,606 shares of the semiconductor company’s stock valued at $3,190,000 after buying an additional 317 shares during the period. SG Americas Securities LLC acquired a new position in shares of Axcelis Technologies during the first quarter worth approximately $791,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Axcelis Technologies during the first quarter worth approximately $2,137,000. 89.98% of the stock is owned by institutional investors.

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.