Axcelis Technologies (NASDAQ:ACLS - Get Free Report) had its price target lowered by investment analysts at Craig Hallum from $115.00 to $105.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. Craig Hallum's price objective indicates a potential upside of 46.30% from the company's current price.
Several other equities analysts also recently weighed in on ACLS. Benchmark downgraded Axcelis Technologies from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $155.83.
Check Out Our Latest Stock Report on ACLS
Axcelis Technologies Price Performance
ACLS stock traded up $2.11 during trading on Wednesday, reaching $71.77. 390,532 shares of the company were exchanged, compared to its average volume of 520,601. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45. The stock's 50 day moving average price is $74.18 and its 200 day moving average price is $97.78. Axcelis Technologies has a 52-week low of $66.75 and a 52-week high of $158.61. The company has a market cap of $2.33 billion, a P/E ratio of 10.62, a PEG ratio of 2.36 and a beta of 1.53.
Institutional Trading of Axcelis Technologies
A number of large investors have recently made changes to their positions in ACLS. Van ECK Associates Corp lifted its holdings in Axcelis Technologies by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 23,751 shares of the semiconductor company's stock valued at $2,490,000 after purchasing an additional 6,786 shares in the last quarter. Royce & Associates LP raised its position in shares of Axcelis Technologies by 157.1% in the third quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company's stock valued at $28,694,000 after buying an additional 167,235 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Axcelis Technologies by 243.8% during the third quarter. Harbor Capital Advisors Inc. now owns 60,328 shares of the semiconductor company's stock valued at $6,325,000 after buying an additional 42,779 shares during the period. Annex Advisory Services LLC boosted its position in Axcelis Technologies by 72.0% during the third quarter. Annex Advisory Services LLC now owns 12,226 shares of the semiconductor company's stock worth $1,282,000 after acquiring an additional 5,118 shares during the last quarter. Finally, FMR LLC grew its stake in Axcelis Technologies by 51.4% in the 3rd quarter. FMR LLC now owns 263,332 shares of the semiconductor company's stock worth $27,610,000 after acquiring an additional 89,453 shares during the period. Institutional investors and hedge funds own 89.98% of the company's stock.
About Axcelis Technologies
(
Get Free Report)
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.
Featured Stories
Before you consider Axcelis Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Axcelis Technologies wasn't on the list.
While Axcelis Technologies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
