Axcelis Technologies’ (ACLS) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Axcelis Technologies (NASDAQ:ACLS) in a research report released on Friday,Benzinga reports.

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

Axcelis Technologies Stock Up 0.3 %

Shares of NASDAQ ACLS opened at $85.33 on Friday. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 12.62, a PEG 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. The company has a current ratio of 4.45, a quick ratio of 3.26 and a debt-to-equity ratio of 0.04. Axcelis Technologies has a 12 month low of $81.47 and a 12 month high of $158.61.

Institutional Trading of Axcelis Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC increased its stake in Axcelis Technologies by 348.9% in the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 164 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Axcelis Technologies by 223.8% in the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 188 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Axcelis Technologies in the 2nd quarter worth approximately $39,000. Meeder Asset Management Inc. purchased a new position in shares of Axcelis Technologies in the 2nd quarter worth approximately $69,000. Finally, Advisors Asset Management Inc. boosted its holdings in Axcelis Technologies by 17.5% during the 1st quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock valued at $75,000 after acquiring an additional 100 shares during the period. Institutional investors own 89.98% of the company’s stock.

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.