Axcelis Technologies, Inc. (NASDAQ:ACLS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $167.33.

ACLS has been the topic of several recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

Institutional Trading of Axcelis Technologies

A number of large investors have recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Axcelis Technologies by 1.5% in the third quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company’s stock valued at $129,310,000 after acquiring an additional 18,101 shares during the period. Geode Capital Management LLC boosted its stake in Axcelis Technologies by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company’s stock worth $91,708,000 after purchasing an additional 28,141 shares during the period. Reinhart Partners LLC. grew its position in Axcelis Technologies by 64.1% during the 3rd quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company’s stock worth $72,096,000 after purchasing an additional 268,560 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Axcelis Technologies by 12.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 510,894 shares of the semiconductor company’s stock valued at $53,568,000 after purchasing an additional 55,048 shares during the period. Finally, Boston Trust Walden Corp purchased a new stake in shares of Axcelis Technologies in the third quarter valued at about $53,099,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Axcelis Technologies Trading Up 0.4 %

NASDAQ ACLS opened at $69.47 on Monday. Axcelis Technologies has a 52 week low of $68.23 and a 52 week high of $158.61. The firm has a 50 day moving average of $81.24 and a two-hundred day moving average of $105.73. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.26 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 2.36 and a beta of 1.53.

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.