Axcelis Technologies (NASDAQ:ACLS) Rating Lowered to Hold at Benchmark

Benchmark lowered shares of Axcelis Technologies (NASDAQ:ACLS) from a buy rating to a hold rating in a research report released on Friday, MarketBeat reports.

ACLS has been the subject of a number of other research reports. B. Riley reduced their target price on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Friday, August 2nd. Craig Hallum lifted their target price on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, DA Davidson lifted their target price on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 15th. 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, Axcelis Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.33.

Axcelis Technologies Stock Up 0.3 %

ACLS stock opened at $85.33 on Friday. Axcelis Technologies has a twelve month low of $81.47 and a twelve month high of $158.61. The company has a quick ratio of 3.26, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.78 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 2.60 and a beta of 1.60. The business has a 50 day moving average of $96.91 and a 200 day moving average of $113.35.

Hedge Funds Weigh In On Axcelis Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Landscape Capital Management L.L.C. purchased a new position in shares of Axcelis Technologies in the 3rd quarter worth $572,000. Intech Investment Management LLC lifted its position in Axcelis Technologies by 157.3% during the third quarter. Intech Investment Management LLC now owns 11,094 shares of the semiconductor company’s stock valued at $1,163,000 after purchasing an additional 6,782 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in 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 valued at $53,568,000 after purchasing an additional 55,048 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Axcelis Technologies by 27.6% during the third quarter. Advisors Asset Management Inc. now owns 1,293 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 280 shares in the last quarter. Finally, Quest Partners LLC lifted its position in Axcelis Technologies by 51.2% during the third quarter. Quest Partners LLC now owns 3,975 shares of the semiconductor company’s stock valued at $417,000 after purchasing an additional 1,346 shares in the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

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.