Axcelis Technologies (NASDAQ:ACLS) Downgraded by Benchmark to Hold

Benchmark downgraded shares of Axcelis Technologies (NASDAQ:ACLS - Free Report) from a buy rating to a hold rating in a report released on Friday morning, MarketBeat.com reports.

Other analysts have also issued reports about the company. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. B. Riley lowered their price objective on shares of Axcelis Technologies from $190.00 to $165.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. DA Davidson boosted their target price on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, July 15th. Finally, Craig Hallum increased their price target on shares of Axcelis Technologies from $130.00 to $174.00 and gave the company a "buy" rating in a research note on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Axcelis Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $167.33.

Axcelis Technologies Price Performance

NASDAQ ACLS traded down $2.02 during trading hours on Friday, reaching $85.08. 935,661 shares of the company's stock were exchanged, compared to its average volume of 630,446. The firm has a fifty day moving average of $96.91 and a 200-day moving average of $113.14. Axcelis Technologies has a one year low of $81.47 and a one year high of $158.61. The stock has a market cap of $2.78 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 2.57 and a beta of 1.60. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05.

Institutional Trading of Axcelis Technologies

A number of institutional investors have recently bought and sold shares of the business. Signaturefd LLC lifted its stake in shares of Axcelis Technologies by 348.9% in the 2nd 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 period. Blue Trust Inc. grew its position in shares of Axcelis Technologies by 223.8% during the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company's stock worth $39,000 after buying an additional 188 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Axcelis Technologies in the 2nd quarter valued at about $39,000. Isthmus Partners LLC raised its position in shares of Axcelis Technologies by 87.3% in the 2nd quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company's stock valued at $47,000 after acquiring an additional 15,507 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Axcelis Technologies during the 2nd quarter worth approximately $69,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Axcelis Technologies Company Profile

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.