Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives $131.00 Consensus PT from Analysts

Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) has been given a consensus rating of "Hold" by the seven brokerages that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $131.00.

Several equities analysts recently weighed in on ACLS shares. B. Riley reaffirmed a "neutral" rating and issued a $50.00 price objective (down from $80.00) on shares of Axcelis Technologies in a research note on Monday, April 21st. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. Finally, William Blair downgraded Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th.

Axcelis Technologies Price Performance

NASDAQ ACLS traded up $0.45 during mid-day trading on Thursday, hitting $62.46. The stock had a trading volume of 424,929 shares, compared to its average volume of 649,926. Axcelis Technologies has a 52-week low of $40.40 and a 52-week high of $158.61. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 4.52 and a beta of 1.52. The company has a 50 day simple moving average of $52.07 and a 200 day simple moving average of $63.80. The company has a quick ratio of 4.05, a current ratio of 5.41 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.65. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. The firm had revenue of $192.56 million during the quarter, compared to the consensus estimate of $184.86 million. During the same period last year, the business posted $1.57 EPS. Axcelis Technologies's quarterly revenue was down 23.7% on a year-over-year basis. Equities analysts forecast that Axcelis Technologies will post 2.55 EPS for the current fiscal year.

Axcelis Technologies declared that its board has authorized a stock repurchase program on Wednesday, March 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On Axcelis Technologies

Several hedge funds have recently bought and sold shares of ACLS. Signaturefd LLC grew its position in shares of Axcelis Technologies by 90.6% in the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 173 shares during the period. Versant Capital Management Inc grew its position in shares of Axcelis Technologies by 118.7% in the first quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 317 shares during the period. Fifth Third Bancorp grew its position in shares of Axcelis Technologies by 160.5% in the first quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 358 shares during the period. Avior Wealth Management LLC grew its position in shares of Axcelis Technologies by 1,153.8% in the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 450 shares during the period. Finally, Capital Advisors Ltd. LLC grew its position in shares of Axcelis Technologies by 1,415.2% in the fourth quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 467 shares during the period. Hedge funds and other 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.