Axcelis Technologies, Inc. (NASDAQ:ACLS) Given Average Recommendation of “Moderate Buy” by Brokerages

Axcelis Technologies, Inc. (NASDAQ:ACLSGet Free Report) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $167.33.

A number of research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

Check Out Our Latest Analysis on Axcelis Technologies

Institutional Trading of Axcelis Technologies

Several institutional investors have recently modified their holdings of the stock. Tidal Investments LLC raised its position in shares of Axcelis Technologies by 420.1% during the 3rd quarter. Tidal Investments LLC now owns 8,858 shares of the semiconductor company’s stock worth $929,000 after purchasing an additional 7,155 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Axcelis Technologies during the third quarter valued at approximately $700,000. Neo Ivy Capital Management purchased a new position in shares of Axcelis Technologies in the third quarter valued at approximately $1,312,000. Geode Capital Management LLC boosted its stake in shares of Axcelis Technologies by 3.3% in 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 during the last quarter. Finally, Pier Capital LLC increased its position in shares of Axcelis Technologies by 101.4% during the third quarter. Pier Capital LLC now owns 82,990 shares of the semiconductor company’s stock worth $8,702,000 after purchasing an additional 41,782 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

ACLS opened at $73.10 on Friday. The firm has a fifty day moving average price of $75.48 and a 200 day moving average price of $100.00. Axcelis Technologies has a 1 year low of $68.23 and a 1 year high of $158.61. The stock has a market cap of $2.38 billion, a P/E ratio of 10.81, a P/E/G ratio of 2.36 and a beta of 1.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29.

Axcelis Technologies Company Profile

(Get Free Report

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.

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Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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