Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives $154.00 Average Price Target from Brokerages

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $154.00.

Several brokerages have weighed in on ACLS. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. William Blair lowered Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th. Finally, Craig Hallum decreased their price target on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th.

Axcelis Technologies Stock Performance

Shares of Axcelis Technologies stock opened at $54.87 on Friday. Axcelis Technologies has a 52 week low of $53.67 and a 52 week high of $158.61. The company has a market capitalization of $1.78 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52. The stock’s fifty day moving average is $67.21 and its two-hundred day moving average is $82.83. The company has a quick ratio of 4.05, a current ratio of 5.41 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. As a group, analysts expect that Axcelis Technologies will post 2.55 earnings per share for the current year.

Institutional Investors Weigh In On Axcelis Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. raised its position in Axcelis Technologies by 78,037.4% during the 4th quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company’s stock worth $54,649,000 after buying an additional 781,154 shares during the last quarter. Norges Bank acquired a new position in Axcelis Technologies during the fourth quarter valued at $36,050,000. Reinhart Partners LLC. boosted its holdings in Axcelis Technologies by 50.7% in the fourth quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock valued at $72,393,000 after purchasing an additional 348,504 shares during the last quarter. Boston Trust Walden Corp grew its position in Axcelis Technologies by 61.9% during the 4th quarter. Boston Trust Walden Corp now owns 820,116 shares of the semiconductor company’s stock worth $57,302,000 after purchasing an additional 313,689 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Axcelis Technologies by 37.8% during the 4th quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company’s stock valued at $74,069,000 after buying an additional 290,678 shares during the last quarter. 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.