Brokerages Set Axcelis Technologies, Inc. (NASDAQ:ACLS) Target Price at $169.00

Axcelis Technologies, Inc. (NASDAQ:ACLS) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $169.00.

A number of research analysts have weighed in on the stock. B. Riley Financial decreased their target price on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. B. Riley reduced their price objective on Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a report on Friday, May 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research note on Friday, May 3rd. Finally, Benchmark lowered their price target on shares of Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd.

Axcelis Technologies Price Performance

NASDAQ:ACLS opened at $113.04 on Friday. The stock has a 50 day moving average of $107.90 and a two-hundred day moving average of $120.41. Axcelis Technologies has a 12 month low of $93.77 and a 12 month high of $201.00. The firm has a market cap of $3.68 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 1.24 and a beta of 1.64. The company has a current ratio of 4.00, a quick ratio of 2.87 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.33. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The firm had revenue of $252.37 million for the quarter, compared to analyst estimates of $242.61 million. During the same period in the previous year, the company posted $1.43 earnings per share. The business’s revenue was down .6% on a year-over-year basis. On average, analysts expect that Axcelis Technologies will post 6.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, EVP Douglas A. Lawson purchased 500 shares of the stock in a transaction dated Friday, February 23rd. The stock was acquired at an average cost of $111.04 per share, for a total transaction of $55,520.00. Following the acquisition, the executive vice president now owns 19,648 shares in the company, valued at approximately $2,181,713.92. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.14% of the company’s stock.

Hedge Funds Weigh In On Axcelis Technologies

Large investors have recently made changes to their positions in the stock. NBC Securities Inc. purchased a new stake in Axcelis Technologies in the third quarter valued at approximately $28,000. Clearstead Advisors LLC purchased a new stake in shares of Axcelis Technologies in the 3rd quarter valued at $33,000. Rakuten Securities Inc. acquired a new position in Axcelis Technologies during the 4th quarter worth about $27,000. C M Bidwell & Associates Ltd. purchased a new position in Axcelis Technologies during the 3rd quarter valued at about $34,000. Finally, GAMMA Investing LLC grew its position in Axcelis Technologies by 109.4% in the 1st quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 139 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

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.