Analysts Set Axcelis Technologies, Inc. (NASDAQ:ACLS) Price Target at $167.33

Axcelis Technologies, Inc. (NASDAQ:ACLS) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $167.33.

Several equities research analysts have recently weighed in on ACLS shares. B. Riley reduced their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th.

Institutional Trading of Axcelis Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Axcelis Technologies by 6.5% during the first quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock worth $480,040,000 after acquiring an additional 263,604 shares in the last quarter. State Street Corp raised its holdings in shares of Axcelis Technologies by 1.5% during the third quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company’s stock worth $129,310,000 after acquiring an additional 18,101 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Axcelis Technologies by 3.3% during the third quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company’s stock worth $91,708,000 after acquiring an additional 28,141 shares in the last quarter. Reinhart Partners LLC. raised its holdings in shares of Axcelis Technologies by 64.1% during the third quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company’s stock worth $72,096,000 after acquiring an additional 268,560 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of 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 worth $53,568,000 after acquiring an additional 55,048 shares in the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS opened at $75.07 on Thursday. The stock has a fifty day moving average price of $91.99 and a two-hundred day moving average price of $111.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45. The firm has a market cap of $2.44 billion, a P/E ratio of 11.11, a PEG ratio of 2.28 and a beta of 1.60. Axcelis Technologies has a 1 year low of $69.35 and a 1 year high of $158.61.

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.