Brokerages Set Axcelis Technologies, Inc. (NASDAQ:ACLS) Target Price at $154.00

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) have earned an average recommendation of "Hold" from the seven research firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $154.00.

ACLS has been the topic of a number of recent analyst reports. Benchmark downgraded Axcelis Technologies from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. Craig Hallum cut their target price on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Finally, William Blair downgraded Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th.

Institutional Investors Weigh In On Axcelis Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its position in Axcelis Technologies by 11.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company's stock worth $112,000 after purchasing an additional 114 shares during the period. Crossmark Global Holdings Inc. grew its position in Axcelis Technologies by 5.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,398 shares of the semiconductor company's stock worth $251,000 after purchasing an additional 132 shares during the period. Bank of Montreal Can boosted its stake in shares of Axcelis Technologies by 3.9% during the 4th quarter. Bank of Montreal Can now owns 4,540 shares of the semiconductor company's stock worth $317,000 after acquiring an additional 170 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Axcelis Technologies by 90.6% during the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 173 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Axcelis Technologies by 30.3% during the 3rd quarter. KBC Group NV now owns 934 shares of the semiconductor company's stock worth $98,000 after acquiring an additional 217 shares in the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

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Axcelis Technologies Stock Up 2.6 %

Axcelis Technologies stock traded up $1.43 during mid-day trading on Friday, reaching $56.30. 725,341 shares of the company were exchanged, compared to its average volume of 669,701. The business has a fifty day moving average of $66.90 and a 200 day moving average of $82.41. The firm has a market cap of $1.83 billion, a P/E ratio of 9.15, a PEG ratio of 4.52 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.05 and a current ratio of 5.41. Axcelis Technologies has a 12-month low of $53.67 and a 12-month high of $158.61.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.29. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. Research analysts anticipate that Axcelis Technologies will post 2.55 earnings per share for the current fiscal year.

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.