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

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $155.83.

A number of equities research analysts have commented on the stock. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Finally, Craig Hallum cut their price objective on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 15th.

Axcelis Technologies Price Performance

NASDAQ ACLS opened at $65.46 on Tuesday. Axcelis Technologies has a 12 month low of $64.18 and a 12 month high of $158.61. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 2.48 and a beta of 1.52. The company’s 50 day moving average is $71.84 and its two-hundred day moving average is $90.09. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC grew 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 purchasing an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC grew 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 purchasing an additional 467 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of 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 in the last quarter. Truvestments Capital LLC purchased a new position in shares of Axcelis Technologies in the third quarter valued at $69,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of 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 in the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

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.