Axcelis Technologies’ (ACLS) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Axcelis Technologies (NASDAQ:ACLS) in a report published on Friday, Benzinga reports.

Other equities research analysts also recently issued reports about the company. B. Riley lifted their price objective on Axcelis Technologies from $175.00 to $190.00 and gave the stock a buy rating in a report on Friday, July 12th. Benchmark lifted their price objective on Axcelis Technologies from $170.00 to $180.00 and gave the stock a buy rating in a report on Monday, July 15th. Bank of America raised their target price on Axcelis Technologies from $125.00 to $150.00 and gave the stock a neutral rating in a research report on Wednesday, July 10th. DA Davidson raised their target price on Axcelis Technologies from $150.00 to $175.00 and gave the stock a buy rating in a research report on Monday, July 15th. Finally, Craig Hallum raised their target price on Axcelis Technologies from $130.00 to $174.00 and gave the stock a buy rating in a research report on Friday, July 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $167.33.

Axcelis Technologies Price Performance

ACLS opened at $106.33 on Friday. The stock has a fifty day simple moving average of $132.03 and a two-hundred day simple moving average of $120.26. The company has a current ratio of 4.42, a quick ratio of 2.87 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. Axcelis Technologies has a 12-month low of $93.77 and a 12-month high of $196.03.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.18. Axcelis Technologies had a return on equity of 27.35% and a net margin of 21.54%. The business had revenue of $256.51 million during the quarter, compared to the consensus estimate of $250.06 million. During the same quarter in the prior year, the company earned $1.86 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. Research analysts predict that Axcelis Technologies will post 6.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of Axcelis Technologies stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $114.42, for a total value of $137,304.00. Following the sale, the director now owns 33,146 shares of the company’s stock, valued at approximately $3,792,565.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.43% of the company’s stock.

Hedge Funds Weigh In On Axcelis Technologies

Several large investors have recently modified their holdings of ACLS. Rakuten Securities Inc. purchased a new position in Axcelis Technologies during the 4th quarter valued at $27,000. GAMMA Investing LLC boosted its holdings in Axcelis Technologies by 109.4% during the 1st quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 139 shares during the period. Signaturefd LLC boosted its holdings in Axcelis Technologies by 348.9% during the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 164 shares during the period. Global Retirement Partners LLC boosted its holdings in Axcelis Technologies by 1,188.0% during the 4th quarter. Global Retirement Partners LLC now owns 322 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 297 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Axcelis Technologies by 223.8% during the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 188 shares during the period. 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.