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

Axcelis Technologies (NASDAQ:ACLS)‘s stock had its “hold” rating reiterated by analysts at Needham & Company LLC in a research note issued to investors on Friday, Benzinga reports.

A number of other analysts also recently weighed in on the company. B. Riley cut their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. B. Riley Financial reduced their price objective on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. Finally, Craig Hallum raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Friday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Axcelis Technologies has a consensus rating of “Moderate Buy” and an average target price of $169.00.

Axcelis Technologies Stock Up 4.5 %

ACLS opened at $111.45 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.71 and a current ratio of 4.00. The stock has a fifty day moving average of $107.79 and a 200-day moving average of $121.24. Axcelis Technologies has a fifty-two week low of $93.77 and a fifty-two week high of $201.00. The company has a market capitalization of $3.63 billion, a P/E ratio of 14.72, a P/E/G ratio of 1.14 and a beta of 1.64.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.33. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. The firm had revenue of $252.37 million during the quarter, compared to the consensus estimate of $242.61 million. During the same quarter in the previous year, the firm posted $1.43 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts expect that Axcelis Technologies will post 6.88 EPS for the current year.

Insider Transactions at Axcelis Technologies

In related news, EVP Douglas A. Lawson acquired 500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average cost of $111.04 per share, for a total transaction of $55,520.00. Following the transaction, the executive vice president now directly owns 19,648 shares in the company, valued at $2,181,713.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.43% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rakuten Securities Inc. bought a new position in Axcelis Technologies in the fourth quarter valued at about $27,000. NBC Securities Inc. bought a new position in Axcelis Technologies in the 3rd quarter valued at approximately $28,000. GAMMA Investing LLC grew its holdings in Axcelis Technologies by 109.4% during the 1st quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 139 shares during the last quarter. Clearstead Advisors LLC acquired a new position in Axcelis Technologies in the 3rd quarter valued at approximately $33,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Axcelis Technologies during the third quarter valued at $34,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

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.