Axcelis Technologies, Inc. (NASDAQ:ACLS) Given Average Rating of “Moderate Buy” by Analysts

Axcelis Technologies, Inc. (NASDAQ:ACLS) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Three 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 ratings on the stock in the last year is $167.33.

ACLS has been the subject of a number of research reports. Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th.

Institutional Trading of Axcelis Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACLS. Blue Trust Inc. lifted its position in shares of Axcelis Technologies by 223.8% in the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 188 shares during the period. Fifth Third Bancorp boosted its position in Axcelis Technologies by 1,514.9% during the 2nd quarter. Fifth Third Bancorp now owns 2,826 shares of the semiconductor company’s stock valued at $402,000 after acquiring an additional 2,651 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Axcelis Technologies by 18.6% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 8,668 shares of the semiconductor company’s stock worth $1,233,000 after acquiring an additional 1,362 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Axcelis Technologies by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,400 shares of the semiconductor company’s stock worth $2,332,000 after acquiring an additional 200 shares in the last quarter. Finally, LRI Investments LLC lifted its stake in shares of Axcelis Technologies by 82.3% in the 2nd quarter. LRI Investments LLC now owns 2,160 shares of the semiconductor company’s stock valued at $307,000 after purchasing an additional 975 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

NASDAQ ACLS opened at $69.47 on Monday. Axcelis Technologies has a 52-week low of $68.23 and a 52-week high of $158.61. The company has a fifty day moving average of $81.24 and a 200-day moving average of $105.92. The company has a market capitalization of $2.26 billion, a P/E ratio of 10.28, a P/E/G ratio of 2.36 and a beta of 1.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45.

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.