Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives $154.00 Consensus Target Price from Analysts

Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) has earned a consensus recommendation of "Hold" from the seven research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $154.00.

A number of equities research analysts have issued reports on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. William Blair cut shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Finally, Craig Hallum lowered their price target on shares of Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, January 15th.

Institutional Investors Weigh In On Axcelis Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC boosted its stake in Axcelis Technologies by 90.6% in the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 173 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Axcelis Technologies by 1,153.8% in the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 450 shares during the period. Capital Advisors Ltd. LLC grew its stake 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 buying an additional 467 shares during the last quarter. Blue Trust Inc. increased its stake 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 period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Axcelis Technologies by 184.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock valued at $47,000 after buying an additional 433 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

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Axcelis Technologies Trading Down 7.6 %

NASDAQ:ACLS traded down $4.07 on Wednesday, reaching $49.71. 920,362 shares of the company's stock were exchanged, compared to its average volume of 617,590. The business has a fifty day moving average of $61.80 and a 200-day moving average of $76.31. The company has a quick ratio of 4.05, a current ratio of 5.41 and a debt-to-equity ratio of 0.04. Axcelis Technologies has a 52-week low of $49.69 and a 52-week high of $158.61. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 4.52 and a beta of 1.62.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its 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 net margin of 19.75% and a return on equity of 21.02%. As a group, analysts expect that Axcelis Technologies will post 2.55 earnings per share for the current year.

Axcelis Technologies announced that its Board of Directors has authorized a stock repurchase program on Wednesday, March 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the semiconductor company to buy up to 5.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

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.