Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives Average Rating of “Moderate Buy” from Brokerages

Axcelis Technologies, Inc. (NASDAQ:ACLS) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $167.33.

Several equities analysts recently issued reports on ACLS shares. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, B. Riley dropped their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its stake in Axcelis Technologies by 40.0% during the third quarter. Van ECK Associates Corp now owns 23,751 shares of the semiconductor company’s stock valued at $2,490,000 after buying an additional 6,786 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Axcelis Technologies by 309.0% in the second quarter. Harbor Capital Advisors Inc. now owns 17,549 shares of the semiconductor company’s stock worth $2,495,000 after purchasing an additional 13,258 shares during the last quarter. Royce & Associates LP raised its stake in shares of Axcelis Technologies by 157.1% in the third quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company’s stock worth $28,694,000 after purchasing an additional 167,235 shares during the last quarter. Annex Advisory Services LLC raised its stake in shares of Axcelis Technologies by 72.0% in the third quarter. Annex Advisory Services LLC now owns 12,226 shares of the semiconductor company’s stock worth $1,282,000 after purchasing an additional 5,118 shares during the last quarter. Finally, Virtu Financial LLC raised its stake in shares of Axcelis Technologies by 281.5% in the first quarter. Virtu Financial LLC now owns 12,467 shares of the semiconductor company’s stock worth $1,390,000 after purchasing an additional 9,199 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

ACLS opened at $73.51 on Thursday. The stock’s 50 day simple moving average is $90.57 and its 200 day simple moving average is $110.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. Axcelis Technologies has a 1 year low of $69.35 and a 1 year high of $158.61. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 2.41 and a beta of 1.60.

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.