Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives $167.33 Consensus Target Price from Brokerages

Axcelis Technologies, Inc. (NASDAQ:ACLS) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned 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.

Several equities research analysts have recently commented on the company. B. Riley cut their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Finally, Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

Axcelis Technologies Price Performance

ACLS stock opened at $77.47 on Thursday. The business has a 50 day moving average price of $91.56 and a 200 day moving average price of $110.95. Axcelis Technologies has a fifty-two week low of $69.35 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 $2.52 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 2.34 and a beta of 1.60.

Institutional Trading of Axcelis Technologies

A number of hedge funds have recently bought and sold shares of ACLS. Vanguard Group Inc. grew its holdings in Axcelis Technologies by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock valued at $480,040,000 after buying an additional 263,604 shares during the period. State Street Corp lifted its stake in shares of Axcelis Technologies by 1.5% in the 3rd quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company’s stock valued at $129,310,000 after purchasing an additional 18,101 shares in the last quarter. Geode Capital Management LLC grew its stake in Axcelis Technologies by 3.3% during the third quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company’s stock worth $91,708,000 after buying an additional 28,141 shares during the period. Reinhart Partners LLC. boosted its position in Axcelis Technologies by 64.1% during 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. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Axcelis Technologies by 12.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 510,894 shares of the semiconductor company’s stock worth $53,568,000 after purchasing an additional 55,048 shares in 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.