Needham & Company LLC Reaffirms "Hold" Rating for Axcelis Technologies (NASDAQ:ACLS)

Needham & Company LLC restated their hold rating on shares of Axcelis Technologies (NASDAQ:ACLS - Free Report) in a report published on Friday morning,Benzinga reports.

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

Axcelis Technologies Trading Down 2.3 %

ACLS traded down $2.02 on Friday, reaching $85.08. 935,585 shares of the company traded hands, compared to its average volume of 630,446. The company has a market cap of $2.78 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 2.57 and a beta of 1.60. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05. Axcelis Technologies has a one year low of $81.47 and a one year high of $158.61. The firm has a fifty day simple moving average of $97.40 and a two-hundred day simple moving average of $113.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC boosted its stake in Axcelis Technologies by 4.8% in the second quarter. CWM LLC now owns 1,506 shares of the semiconductor company's stock valued at $214,000 after acquiring an additional 69 shares in the last quarter. Xponance Inc. boosted its position in shares of Axcelis Technologies by 4.7% in the 2nd quarter. Xponance Inc. now owns 2,061 shares of the semiconductor company's stock worth $293,000 after purchasing an additional 92 shares in the last quarter. Andina Capital Management LLC grew its stake in Axcelis Technologies by 3.7% during the 2nd quarter. Andina Capital Management LLC now owns 2,791 shares of the semiconductor company's stock worth $397,000 after buying an additional 99 shares during the last quarter. Advisors Asset Management Inc. increased its position in Axcelis Technologies by 17.5% during the 1st quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company's stock valued at $75,000 after buying an additional 100 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its stake in Axcelis Technologies by 6.1% in the second quarter. Evergreen Capital Management LLC now owns 1,984 shares of the semiconductor company's stock valued at $282,000 after buying an additional 114 shares during the last quarter. 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.