Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) has earned an average rating of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $167.33.

A number of equities analysts have weighed in on the company. Benchmark lowered 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 report on Friday, November 8th.

Axcelis Technologies Stock Up 0.4 %

Shares of Axcelis Technologies stock traded up $0.32 on Monday, reaching $75.61. The company's stock had a trading volume of 541,337 shares, compared to its average volume of 630,076. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 2.36 and a beta of 1.53. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. Axcelis Technologies has a 52 week low of $69.35 and a 52 week high of $158.61. The firm's fifty day simple moving average is $84.00 and its two-hundred day simple moving average is $107.25.

Hedge Funds Weigh In On Axcelis Technologies

Institutional investors have recently made changes to their positions in the business. Xponance Inc. increased its holdings in Axcelis Technologies by 4.7% during the second quarter. Xponance Inc. now owns 2,061 shares of the semiconductor company's stock valued at $293,000 after buying an additional 92 shares during the last quarter. Evergreen Capital Management LLC increased its stake in shares of Axcelis Technologies by 6.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,984 shares of the semiconductor company's stock worth $282,000 after purchasing an additional 114 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Axcelis Technologies by 11.9% in 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. lifted its position in Axcelis Technologies by 5.8% during the third quarter. Crossmark Global Holdings Inc. now owns 2,398 shares of the semiconductor company's stock valued at $251,000 after purchasing an additional 132 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in Axcelis Technologies by 1.5% during the second quarter. Arizona State Retirement System now owns 9,134 shares of the semiconductor company's stock valued at $1,299,000 after purchasing an additional 134 shares during the period. Institutional investors own 89.98% of the company's stock.

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.