Brokerages Set Axcelis Technologies, Inc. (NASDAQ:ACLS) PT at $167.33

Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $167.33.

Several equities analysts recently weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Benchmark lowered shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a report on Friday, November 8th.

Axcelis Technologies Trading Down 5.0 %

Shares of ACLS traded down $3.66 on Friday, hitting $69.44. 905,880 shares of the stock traded hands, compared to its average volume of 564,792. Axcelis Technologies has a 1 year low of $67.27 and a 1 year high of $158.61. The stock's 50 day moving average is $75.48 and its two-hundred day moving average is $100.00. The firm has a market capitalization of $2.26 billion, a P/E ratio of 10.27, 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.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC purchased a new position in shares of Axcelis Technologies in the 2nd quarter valued at $39,000. Meeder Asset Management Inc. acquired a new position in shares of Axcelis Technologies during the second quarter worth about $69,000. Truvestments Capital LLC purchased a new stake in shares of Axcelis Technologies in the third quarter worth about $69,000. KBC Group NV boosted its position in shares of Axcelis Technologies by 30.3% in the third quarter. KBC Group NV now owns 934 shares of the semiconductor company's stock worth $98,000 after buying an additional 217 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Axcelis Technologies by 37.2% during the 3rd quarter. GAMMA Investing LLC now owns 999 shares of the semiconductor company's stock valued at $105,000 after buying an additional 271 shares during the period. Hedge funds and other 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.