Brokerages Set Axcelis Technologies, Inc. (NASDAQ:ACLS) Target Price at $98.80

Axcelis Technologies, Inc. (NASDAQ:ACLS) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $98.80.

ACLS has been the subject of several recent research reports. Zacks Research raised Axcelis Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. B. Riley reduced their price target on Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Bank of America cut shares of Axcelis Technologies from a “neutral” rating to an “underperform” rating and raised their price target for the stock from $81.00 to $90.00 in a research note on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Axcelis Technologies in a research report on Wednesday, October 8th. Finally, Benchmark upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Thursday, October 2nd.

Institutional Trading of Axcelis Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of ACLS. Salomon & Ludwin LLC bought a new stake in Axcelis Technologies during the third quarter worth about $25,000. Close Asset Management Ltd acquired a new position in shares of Axcelis Technologies during the 3rd quarter worth approximately $27,000. Caitlin John LLC bought a new stake in shares of Axcelis Technologies during the 3rd quarter worth approximately $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Axcelis Technologies by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 267 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Axcelis Technologies by 50.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 161 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Stock Down 1.3%

Shares of ACLS stock opened at $81.54 on Friday. Axcelis Technologies has a 12-month low of $40.40 and a 12-month high of $102.93. The company has a quick ratio of 4.26, a current ratio of 6.01 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average of $86.78 and a 200-day moving average of $75.77. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 16.67 and a beta of 1.75.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share for the quarter. The firm had revenue of $252.42 million during the quarter. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. As a group, equities research analysts predict that Axcelis Technologies will post 2.55 earnings per share for the current fiscal year.

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.