Analysts Set Axcelis Technologies, Inc. (NASDAQ:ACLS) Target Price at $167.33

Axcelis Technologies, Inc. (NASDAQ:ACLS) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $167.33.

A number of research firms have recently issued reports on ACLS. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ACLS. Boston Trust Walden Corp purchased a new position in Axcelis Technologies in the 3rd quarter worth about $53,099,000. Reinhart Partners LLC. raised its holdings in Axcelis Technologies by 64.1% in the 3rd quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company’s stock worth $72,096,000 after purchasing an additional 268,560 shares during the period. Granite Investment Partners LLC purchased a new position in Axcelis Technologies during the second quarter valued at approximately $27,801,000. Royce & Associates LP lifted its position in shares of Axcelis Technologies by 157.1% in the third quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company’s stock valued at $28,694,000 after acquiring an additional 167,235 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in Axcelis Technologies during the 3rd quarter valued at approximately $13,874,000. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Trading Down 5.2 %

Shares of Axcelis Technologies stock opened at $70.97 on Monday. The firm has a market cap of $2.31 billion, a PE ratio of 10.50, a PEG ratio of 2.36 and a beta of 1.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. Axcelis Technologies has a 1 year low of $69.35 and a 1 year high of $158.61. The company has a 50 day simple moving average of $82.48 and a two-hundred day simple moving average of $106.47.

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.