Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives $98.80 Consensus PT from Analysts

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

Several brokerages have weighed in on ACLS. DA Davidson increased their target price on Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday. Zacks Research upgraded shares of Axcelis Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Wall Street Zen upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Finally, B. Riley reduced their price objective 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.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS opened at $74.12 on Friday. 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’s 50-day moving average price is $86.29 and its two-hundred day moving average price is $76.17. Axcelis Technologies has a 52-week low of $40.40 and a 52-week high of $102.93. The stock has a market capitalization of $2.30 billion, a P/E ratio of 15.16 and a beta of 1.75.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. raised its stake in shares of Axcelis Technologies by 45.5% during the second quarter. American Century Companies Inc. now owns 1,659,463 shares of the semiconductor company’s stock valued at $115,648,000 after purchasing an additional 518,968 shares in the last quarter. BlackBarn Capital Partners LP raised its position in shares of Axcelis Technologies by 758.0% during the 1st quarter. BlackBarn Capital Partners LP now owns 480,441 shares of the semiconductor company’s stock worth $23,864,000 after buying an additional 424,444 shares in the last quarter. LSV Asset Management bought a new position in Axcelis Technologies during the 3rd quarter valued at $30,747,000. Invesco Ltd. increased its position in shares of Axcelis Technologies by 176.6% during the 3rd quarter. Invesco Ltd. now owns 386,735 shares of the semiconductor company’s stock valued at $37,761,000 after purchasing an additional 246,939 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Axcelis Technologies by 143.8% in the 3rd quarter. Millennium Management LLC now owns 261,776 shares of the semiconductor company’s stock worth $25,560,000 after buying an additional 154,381 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

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.