Analysts Set Axcelis Technologies, Inc. (NASDAQ:ACLS) PT at $155.83

Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $155.83.

A number of research firms have recently weighed in on ACLS. Craig Hallum dropped 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. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Finally, Benchmark lowered shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a research report on Friday, November 8th.

Hedge Funds Weigh In On Axcelis Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACLS. Avior Wealth Management LLC increased its holdings in shares of Axcelis Technologies by 1,153.8% during the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock worth $34,000 after buying an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC grew its position 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 acquiring an additional 467 shares during the last quarter. Blue Trust Inc. raised its position in Axcelis Technologies by 85.5% in the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 289 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Axcelis Technologies by 184.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 433 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Axcelis Technologies during the third quarter worth about $69,000. Institutional investors own 89.98% of the company's stock.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS traded down $1.59 during mid-day trading on Tuesday, reaching $63.87. 876,821 shares of the company were exchanged, compared to its average volume of 537,989. The stock has a market capitalization of $2.08 billion, a P/E ratio of 9.45, a P/E/G ratio of 2.48 and a beta of 1.52. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. The company's 50-day simple moving average is $71.68 and its 200-day simple moving average is $89.92. Axcelis Technologies has a twelve month low of $63.08 and a twelve month high of $158.61.

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.