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

Axcelis Technologies, Inc. (NASDAQ:ACLS) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $154.00.

A number of equities research analysts recently weighed in on the company. 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, Craig Hallum reduced their price target on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th.

Axcelis Technologies Price Performance

Axcelis Technologies stock opened at $67.58 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45. Axcelis Technologies has a 52 week low of $63.08 and a 52 week high of $158.61. The stock has a market capitalization of $2.20 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52. The stock has a fifty day moving average of $71.47 and a 200-day moving average of $88.83.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.29. Axcelis Technologies had a return on equity of 24.16% and a net margin of 20.65%. On average, sell-side analysts expect that Axcelis Technologies will post 5.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in Axcelis Technologies by 90.6% during the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company’s stock worth $25,000 after buying an additional 173 shares during the period. Avior Wealth Management LLC raised its stake in Axcelis Technologies by 1,153.8% during the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock worth $34,000 after buying an additional 450 shares during the period. Capital Advisors Ltd. LLC raised its stake in Axcelis Technologies by 1,415.2% during the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company’s stock worth $35,000 after buying an additional 467 shares during the period. Blue Trust Inc. raised its stake in Axcelis Technologies by 85.5% during the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock worth $44,000 after buying an additional 289 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Axcelis Technologies by 184.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 433 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

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.