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

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $189.00.

A number of equities analysts recently issued reports on ACLS shares. B. Riley dropped their price objective on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 9th. B. Riley Financial decreased their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th.

Axcelis Technologies Price Performance

ACLS stock opened at $104.32 on Wednesday. The stock has a market cap of $3.40 billion, a PE ratio of 14.04, a P/E/G ratio of 2.23 and a beta of 1.63. Axcelis Technologies has a 12 month low of $102.36 and a 12 month high of $201.00. The company has a 50-day moving average price of $112.13 and a 200 day moving average price of $126.50. The company has a current ratio of 3.79, a quick ratio of 2.71 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.17. The business had revenue of $310.29 million during the quarter, compared to the consensus estimate of $297.92 million. Axcelis Technologies had a net margin of 21.78% and a return on equity of 31.66%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.71 earnings per share. Equities research analysts anticipate that Axcelis Technologies will post 6.88 earnings per share for the current year.

Insider Activity

In other Axcelis Technologies news, EVP Douglas A. Lawson acquired 500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average cost of $111.04 per share, with a total value of $55,520.00. Following the completion of the purchase, the executive vice president now directly owns 19,648 shares in the company, valued at $2,181,713.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.14% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ronald Blue Trust Inc. boosted its position in Axcelis Technologies by 74.7% during the third quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in shares of Axcelis Technologies during the fourth quarter valued at about $27,000. NBC Securities Inc. purchased a new stake in shares of Axcelis Technologies during the third quarter valued at about $28,000. GAMMA Investing LLC boosted its holdings in shares of 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 buying an additional 139 shares in the last quarter. Finally, Money Concepts Capital Corp purchased a new position in shares of Axcelis Technologies in the 4th quarter worth approximately $30,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

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.