Analysts Set Axcelis Technologies, Inc. (NASDAQ:ACLS) PT at $97.00

Axcelis Technologies, Inc. (NASDAQ:ACLS) has earned an average rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $97.00.

Several equities research analysts have weighed in on the company. Benchmark upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Thursday, October 2nd. Bank of America downgraded Axcelis Technologies from a “neutral” rating to an “underperform” rating and upped their price objective for the stock from $81.00 to $90.00 in a research report on Monday, October 13th. Wall Street Zen cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research cut shares of Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, DA Davidson raised their price target on shares of Axcelis Technologies from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ACLS. Vanguard Group Inc. boosted its holdings in shares of Axcelis Technologies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 4,439,902 shares of the semiconductor company’s stock valued at $220,530,000 after acquiring an additional 43,768 shares in the last quarter. American Century Companies Inc. raised its position in Axcelis Technologies by 45.5% in the second quarter. American Century Companies Inc. now owns 1,659,463 shares of the semiconductor company’s stock valued at $115,648,000 after purchasing an additional 518,968 shares during the last quarter. Reinhart Partners LLC. boosted its stake in shares of Axcelis Technologies by 5.4% during the second quarter. Reinhart Partners LLC. now owns 1,518,544 shares of the semiconductor company’s stock valued at $105,828,000 after purchasing an additional 77,522 shares in the last quarter. Primecap Management Co. CA boosted its position in Axcelis Technologies by 2.1% during the 2nd quarter. Primecap Management Co. CA now owns 852,296 shares of the semiconductor company’s stock worth $59,397,000 after buying an additional 17,230 shares during the period. Finally, Boston Trust Walden Corp lifted its holdings in shares of Axcelis Technologies by 2.4% during the second quarter. Boston Trust Walden Corp now owns 845,911 shares of the semiconductor company’s stock worth $58,952,000 after purchasing an additional 19,579 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Trading Down 1.2%

Shares of Axcelis Technologies stock opened at $83.31 on Monday. The company has a quick ratio of 4.26, a current ratio of 6.01 and a debt-to-equity ratio of 0.04. Axcelis Technologies has a 12-month low of $40.40 and a 12-month high of $102.93. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 17.04 and a beta of 1.75. The firm’s 50-day moving average price is $85.87 and its two-hundred day moving average price is $71.76.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Monday, April 21st. The semiconductor company reported $1.71 EPS for the quarter. The company had revenue of $252.42 million during the quarter. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. On average, analysts forecast that Axcelis Technologies will post 2.55 earnings per share for the current fiscal year.

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.