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

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $167.33.

Several analysts have issued reports on ACLS shares. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. B. Riley cut their price objective 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. Finally, Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

Axcelis Technologies Price Performance

ACLS stock opened at $75.07 on Thursday. Axcelis Technologies has a 12-month low of $69.35 and a 12-month high of $158.61. The stock has a 50-day moving average price of $91.99 and a two-hundred day moving average price of $111.20. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.44 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 2.28 and a beta of 1.60.

Institutional Trading of Axcelis Technologies

Large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its position in Axcelis Technologies by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 23,751 shares of the semiconductor company’s stock valued at $2,490,000 after acquiring an additional 6,786 shares during the period. Harbor Capital Advisors Inc. increased its position in Axcelis Technologies by 309.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 17,549 shares of the semiconductor company’s stock valued at $2,495,000 after acquiring an additional 13,258 shares during the period. Royce & Associates LP increased its position in Axcelis Technologies by 157.1% in the 3rd quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company’s stock valued at $28,694,000 after acquiring an additional 167,235 shares during the period. Annex Advisory Services LLC increased its position in Axcelis Technologies by 72.0% in the 3rd quarter. Annex Advisory Services LLC now owns 12,226 shares of the semiconductor company’s stock valued at $1,282,000 after acquiring an additional 5,118 shares during the period. Finally, Virtu Financial LLC increased its position in Axcelis Technologies by 281.5% in the 1st quarter. Virtu Financial LLC now owns 12,467 shares of the semiconductor company’s stock valued at $1,390,000 after acquiring an additional 9,199 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

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.