Craig Hallum Lowers Axcelis Technologies (NASDAQ:ACLS) Price Target to $105.00

Axcelis Technologies (NASDAQ:ACLS) had its price objective dropped by equities researchers at Craig Hallum from $115.00 to $105.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price objective points to a potential upside of 45.87% from the stock’s current price.

ACLS has been the subject of a number of other reports. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Axcelis Technologies Stock Up 0.3 %

NASDAQ ACLS opened at $71.98 on Wednesday. The business has a 50 day moving average price of $73.88 and a two-hundred day moving average price of $97.60. Axcelis Technologies has a fifty-two week low of $66.75 and a fifty-two week high of $158.61. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.34 billion, a PE ratio of 10.65, a P/E/G ratio of 2.53 and a beta of 1.53.

Hedge Funds Weigh In On Axcelis Technologies

Several large investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new stake in Axcelis Technologies in the second quarter worth $287,000. Envestnet Asset Management Inc. raised its holdings in shares of Axcelis Technologies by 12.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 40,378 shares of the semiconductor company’s stock valued at $5,741,000 after purchasing an additional 4,622 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Axcelis Technologies by 9.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 238,221 shares of the semiconductor company’s stock valued at $33,873,000 after buying an additional 20,584 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Axcelis Technologies by 24.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,534 shares of the semiconductor company’s stock worth $360,000 after purchasing an additional 497 shares during the period. Finally, Blair William & Co. IL acquired a new position in Axcelis Technologies in the 2nd quarter valued at about $1,023,000. Institutional investors and hedge funds 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.