Axcelis Technologies’ (ACLS) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Axcelis Technologies (NASDAQ:ACLS) in a report published on Friday, Benzinga reports.

A number of other analysts have also recently weighed in on ACLS. B. Riley Financial decreased their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a buy rating for the company in a research note on Friday, February 9th. B. Riley lowered their price target on Axcelis Technologies from $180.00 to $165.00 and set a buy rating on the stock in a report on Friday, February 9th. Finally, Craig Hallum raised Axcelis Technologies from a hold rating to a buy rating and set a $130.00 price objective for the company in a research note on Friday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $169.00.

Axcelis Technologies Trading Up 4.5 %

Shares of Axcelis Technologies stock opened at $111.45 on Friday. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $107.79 and a 200-day simple moving average of $120.99. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.20 and a beta of 1.64. Axcelis Technologies has a 12-month low of $93.77 and a 12-month high of $201.00.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.24 by $0.33. The company had revenue of $252.37 million for the quarter, compared to analyst estimates of $242.61 million. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share. On average, equities analysts forecast that Axcelis Technologies will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Axcelis Technologies news, EVP Douglas A. Lawson acquired 500 shares of the stock in a transaction on Friday, February 23rd. The shares were bought at an average price of $111.04 per share, with a total value of $55,520.00. Following the acquisition, the executive vice president now owns 19,648 shares of the company’s stock, valued at $2,181,713.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Axcelis Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of ACLS. Chartwell Investment Partners LLC purchased a new position in shares of Axcelis Technologies in the 3rd quarter valued at about $437,000. Louisiana State Employees Retirement System acquired a new position in Axcelis Technologies during the fourth quarter worth about $2,127,000. Fuller & Thaler Asset Management Inc. increased its holdings in Axcelis Technologies by 8.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 224,118 shares of the semiconductor company’s stock valued at $36,542,000 after buying an additional 17,885 shares in the last quarter. Barclays PLC lifted its position in shares of Axcelis Technologies by 267.0% during the 3rd quarter. Barclays PLC now owns 100,409 shares of the semiconductor company’s stock valued at $16,372,000 after acquiring an additional 73,053 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Axcelis Technologies by 2.0% during the 3rd quarter. Northern Trust Corp now owns 392,377 shares of the semiconductor company’s stock worth $63,977,000 after acquiring an additional 7,595 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.