Axcelis Technologies, Inc. (NASDAQ:ACLS) Given Consensus Recommendation of “Hold” by Analysts

by · The Cerbat Gem

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Free Report) have been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $98.80.

Several equities research analysts have recently issued reports on the stock. DA Davidson lifted their price objective on shares of Axcelis Technologies from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. B. Riley reduced their price target on shares of Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Benchmark raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Thursday, October 2nd. Wall Street Zen upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Zacks Research downgraded Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th.

Check Out Our Latest Stock Report on Axcelis Technologies

Insider Activity

In other news, EVP Gerald M. Blumenstock sold 3,034 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $89.46, for a total transaction of $271,421.64. Following the completion of the transaction, the executive vice president directly owned 18,661 shares in the company, valued at approximately $1,669,413.06. This represents a 13.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Axcelis Technologies

Several large investors have recently bought and sold shares of ACLS. American Century Companies Inc. lifted its position in 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 during 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 valued at $23,864,000 after buying an additional 424,444 shares in the last quarter. LSV Asset Management bought a new position in shares of Axcelis Technologies in the 3rd quarter valued at about $30,747,000. Invesco Ltd. grew its position in Axcelis Technologies by 176.6% in the third quarter. Invesco Ltd. now owns 386,735 shares of the semiconductor company’s stock worth $37,761,000 after acquiring an additional 246,939 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Axcelis Technologies by 143.8% during the third quarter. Millennium Management LLC now owns 261,776 shares of the semiconductor company’s stock worth $25,560,000 after acquiring an additional 154,381 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

Shares of Axcelis Technologies stock opened at $85.61 on Tuesday. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 20.24 and a beta of 1.73. The company has a quick ratio of 3.32, a current ratio of 4.95 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $83.34 and its 200-day simple moving average is $79.14. Axcelis Technologies has a 52 week low of $40.40 and a 52 week high of $102.93.

Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last released its earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. Axcelis Technologies had a return on equity of 14.58% and a net margin of 15.93%.The firm had revenue of $252.42 million during the quarter. As a group, analysts expect that Axcelis Technologies will post 2.55 earnings per share for the current fiscal year.

Axcelis Technologies Company Profile

(Get Free Report)

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.

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