Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives $155.83 Average Price Target from Analysts

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $155.83.

A number of analysts recently issued reports on the company. Craig Hallum lowered their price target on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th.

Institutional Trading of Axcelis Technologies

Several institutional investors and hedge funds have recently made changes to their positions in ACLS. Avior Wealth Management LLC raised its holdings in shares of Axcelis Technologies by 1,153.8% in the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Axcelis Technologies by 1,415.2% in the fourth quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 467 shares in the last quarter. Blue Trust Inc. grew its stake in Axcelis Technologies by 85.5% in the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 289 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Axcelis Technologies by 184.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 433 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new position in Axcelis Technologies in the third quarter valued at about $69,000. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Stock Down 2.4 %

Shares of ACLS opened at $65.46 on Tuesday. The company has a market cap of $2.13 billion, a PE ratio of 9.68, a P/E/G ratio of 2.48 and a beta of 1.52. The business has a fifty day moving average of $71.84 and a 200 day moving average of $90.09. Axcelis Technologies has a 52-week low of $64.18 and a 52-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.

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.