Axcelis Technologies, Inc. (NASDAQ:ACLS) Given Average Recommendation of “Hold” by Analysts

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

A number of brokerages recently issued reports on ACLS. Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a research note on Monday, December 1st. Bank of America downgraded shares of Axcelis Technologies from a “neutral” rating to an “underperform” rating and upped their target price for the stock from $81.00 to $90.00 in a research note on Monday, October 13th. DA Davidson raised their price target on shares of Axcelis Technologies from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Zacks Research upgraded shares of Axcelis Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Finally, B. Riley cut their target price on Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th.

Axcelis Technologies Stock Performance

Axcelis Technologies stock opened at $91.14 on Tuesday. Axcelis Technologies has a twelve month low of $40.40 and a twelve month high of $102.93. The company has a quick ratio of 3.32, a current ratio of 4.95 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.83 billion, a P/E ratio of 21.55 and a beta of 1.73. The stock’s 50 day moving average is $83.76 and its 200 day moving average is $78.45.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. Axcelis Technologies had a return on equity of 14.58% and a net margin of 15.93%.The business had revenue of $252.42 million during the quarter. On average, equities research analysts predict that Axcelis Technologies will post 2.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Axcelis Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC bought a new position in Axcelis Technologies during the third quarter valued at approximately $25,000. Close Asset Management Ltd bought a new position in shares of Axcelis Technologies during the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its stake 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 worth $31,000 after buying an additional 267 shares during the last quarter. Caitlin John LLC bought a new stake in shares of Axcelis Technologies in the third quarter worth $32,000. Finally, Advisory Services Network LLC bought a new stake in shares of Axcelis Technologies in the third quarter worth $32,000. Institutional investors own 89.98% of the company’s stock.

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.