Axcelis Technologies (NASDAQ:ACLS) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Axcelis Technologies (NASDAQ:ACLS - Free Report) in a research note released on Wednesday,Benzinga reports.

Several other equities research analysts have also commented on the company. William Blair lowered Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Craig Hallum reduced their target price on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Finally, Benchmark cut Axcelis Technologies from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Axcelis Technologies has an average rating of "Hold" and a consensus target price of $154.00.

Axcelis Technologies Price Performance

Shares of Axcelis Technologies stock traded down $0.92 on Wednesday, hitting $61.06. The company's stock had a trading volume of 554,212 shares, compared to its average volume of 501,438. 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 1 year low of $56.32 and a 1 year high of $158.61. The firm has a fifty day moving average price of $70.39 and a 200-day moving average price of $87.63. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a return on equity of 24.16% and a net margin of 20.65%. As a group, sell-side analysts anticipate that Axcelis Technologies will post 5.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axcelis Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in shares of Axcelis Technologies by 40.0% in the third quarter. Van ECK Associates Corp now owns 23,751 shares of the semiconductor company's stock valued at $2,490,000 after purchasing an additional 6,786 shares during the last quarter. Royce & Associates LP grew its position in Axcelis Technologies by 157.1% in the third quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company's stock worth $28,694,000 after acquiring an additional 167,235 shares during the period. Harbor Capital Advisors Inc. grew its position in Axcelis Technologies by 243.8% in the third quarter. Harbor Capital Advisors Inc. now owns 60,328 shares of the semiconductor company's stock worth $6,325,000 after acquiring an additional 42,779 shares during the period. FMR LLC grew its position in Axcelis Technologies by 51.4% in the third quarter. FMR LLC now owns 263,332 shares of the semiconductor company's stock worth $27,610,000 after acquiring an additional 89,453 shares during the period. Finally, Reinhart Partners LLC. grew its position in Axcelis Technologies by 50.7% in the fourth quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company's stock worth $72,393,000 after acquiring an additional 348,504 shares during the period. Institutional investors and hedge funds 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.