Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives $167.33 Average Price Target from Analysts

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $167.33.

ACLS has been the subject of a number of analyst reports. B. Riley lowered their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Benchmark dropped their price target on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. DA Davidson boosted their target price on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Craig Hallum upped their target price on Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, July 12th.

Insiders Place Their Bets

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total value of $669,338.28. Following the completion of the sale, the director now directly owns 5,891 shares in the company, valued at approximately $647,892.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Axcelis Technologies

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Axcelis Technologies by 6.5% in the first quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock worth $480,040,000 after purchasing an additional 263,604 shares in the last quarter. Jackson Square Partners LLC lifted its position in Axcelis Technologies by 49.0% during the first quarter. Jackson Square Partners LLC now owns 492,764 shares of the semiconductor company’s stock valued at $54,953,000 after acquiring an additional 162,040 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Axcelis Technologies by 7.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 455,846 shares of the semiconductor company’s stock valued at $64,816,000 after acquiring an additional 32,695 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Axcelis Technologies by 0.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 442,586 shares of the semiconductor company’s stock worth $57,399,000 after purchasing an additional 3,999 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Axcelis Technologies during the fourth quarter worth $57,105,000. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

ACLS stock opened at $116.09 on Tuesday. Axcelis Technologies has a 52 week low of $93.77 and a 52 week high of $196.03. The firm has a market capitalization of $3.78 billion, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. The company has a fifty day simple moving average of $130.70 and a two-hundred day simple moving average of $118.56. The company has a quick ratio of 2.87, a current ratio of 4.42 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.18. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The firm had revenue of $256.51 million during the quarter, compared to the consensus estimate of $250.06 million. During the same quarter last year, the firm earned $1.86 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. Analysts anticipate that Axcelis Technologies will post 6.76 earnings per share for the current fiscal year.

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.