Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $167.33.
A number of equities analysts have recently weighed in on the company. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Benchmark downgraded Axcelis Technologies from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Finally, B. Riley cut their target price on Axcelis Technologies from $190.00 to $165.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd.
Check Out Our Latest Stock Report on Axcelis Technologies
Hedge Funds Weigh In On Axcelis Technologies
Institutional investors have recently bought and sold shares of the company. Signaturefd LLC lifted its stake in Axcelis Technologies by 348.9% in the second quarter. Signaturefd LLC now owns 211 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 164 shares during the last quarter. Blue Trust Inc. raised its holdings in Axcelis Technologies by 223.8% during the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 188 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Axcelis Technologies during the 2nd quarter valued at $39,000. Meeder Asset Management Inc. bought a new stake in Axcelis Technologies during the 2nd quarter valued at $69,000. Finally, Truvestments Capital LLC bought a new stake in Axcelis Technologies during the 3rd quarter valued at $69,000. Hedge funds and other institutional investors own 89.98% of the company's stock.
Axcelis Technologies Price Performance
ACLS stock opened at $71.00 on Thursday. The company has a market capitalization of $2.31 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 2.28 and a beta of 1.60. 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 52-week low of $69.35 and a 52-week high of $158.61. The business has a 50-day simple moving average of $93.69 and a two-hundred day simple moving average of $112.02.
About Axcelis Technologies
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Get Free ReportAxcelis 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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