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

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

Several analysts recently commented on ACLS shares. B. Riley cut their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th.

Axcelis Technologies Stock Performance

Shares of ACLS opened at $73.51 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. Axcelis Technologies has a one year low of $69.35 and a one year high of $158.61. The firm has a market capitalization of $2.39 billion, a P/E ratio of 10.87, a PEG ratio of 2.41 and a beta of 1.60. The business has a fifty day moving average of $90.57 and a 200 day moving average of $110.41.

Hedge Funds Weigh In On Axcelis Technologies

A number of hedge funds have recently made changes to their positions in the business. Tidal Investments LLC boosted its stake in shares of Axcelis Technologies by 420.1% in the third quarter. Tidal Investments LLC now owns 8,858 shares of the semiconductor company’s stock worth $929,000 after acquiring an additional 7,155 shares during the period. Virtu Financial LLC bought a new position in shares of Axcelis Technologies in the third quarter worth about $700,000. Neo Ivy Capital Management bought a new position in shares of Axcelis Technologies in the third quarter worth about $1,312,000. Geode Capital Management LLC boosted its stake in shares of Axcelis Technologies by 3.3% in the third quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company’s stock worth $91,708,000 after acquiring an additional 28,141 shares during the period. Finally, Pier Capital LLC lifted its position in shares of Axcelis Technologies by 101.4% in the third quarter. Pier Capital LLC now owns 82,990 shares of the semiconductor company’s stock worth $8,702,000 after buying an additional 41,782 shares in the last quarter. 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.