Axcelis Technologies (NASDAQ:ACLS) Earns Hold Rating from Needham & Company LLC

Axcelis Technologies (NASDAQ:ACLS)‘s stock had its “hold” rating reissued by investment analysts at Needham & Company LLC in a report released on Friday,Benzinga reports.

ACLS has been the topic of a number of other reports. DA Davidson lifted their price target on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. B. Riley cut their target price on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday. Finally, Craig Hallum increased their price target on shares of Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Axcelis Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Stock Performance

NASDAQ ACLS opened at $85.08 on Friday. The company has a 50-day simple moving average of $96.91 and a two-hundred day simple moving average of $113.25. Axcelis Technologies has a 12-month low of $81.47 and a 12-month high of $158.61. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 2.65 and a beta of 1.60. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05.

Institutional Trading of Axcelis Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC increased its position in Axcelis Technologies by 348.9% during the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 164 shares during the period. Blue Trust Inc. increased its position in shares of Axcelis Technologies by 223.8% during the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 188 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Axcelis Technologies during the second quarter valued at about $39,000. Isthmus Partners LLC raised its stake in Axcelis Technologies by 87.3% in the second quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock worth $47,000 after buying an additional 15,507 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Axcelis Technologies in the second quarter worth about $69,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

About Axcelis Technologies

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.