Axcelis Technologies, Inc. (NASDAQ:ACLS) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Axcelis Technologies has been given a consensus recommendation of "Hold" from six brokerages, with four advising a hold and two recommending a buy, while the average 12-month target price is $90.00.
• While the company's stock price fell 2.9% to $75.72, it reported a quarterly earnings per share of $1.13, exceeding analysts' estimates by $0.40.
• Institutional investors hold 89.98% of Axcelis Technologies shares, with Vanguard Group and other firms increasing their stakes recently.

Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) has been assigned an average rating of "Hold" from the six brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $90.00.

Several brokerages have weighed in on ACLS. DA Davidson raised their price objective on shares of Axcelis Technologies from $75.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday. B. Riley lifted their price objective on shares of Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,682 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $61.93, for a total transaction of $104,166.26. Following the sale, the director directly owned 35,050 shares in the company, valued at approximately $2,170,646.50. The trade was a 4.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.48% of the company's stock.

Institutional Trading of Axcelis Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Axcelis Technologies by 1.0% in the first quarter. Vanguard Group Inc. now owns 4,439,902 shares of the semiconductor company's stock worth $220,530,000 after acquiring an additional 43,768 shares in the last quarter. Reinhart Partners LLC. raised its stake in Axcelis Technologies by 5.4% during the 2nd quarter. Reinhart Partners LLC. now owns 1,518,544 shares of the semiconductor company's stock valued at $105,828,000 after purchasing an additional 77,522 shares during the last quarter. American Century Companies Inc. increased its stake in Axcelis Technologies by 7.6% in the first quarter. American Century Companies Inc. now owns 1,140,495 shares of the semiconductor company's stock valued at $56,648,000 after acquiring an additional 80,399 shares during the period. Geode Capital Management LLC grew its holdings in shares of Axcelis Technologies by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 897,750 shares of the semiconductor company's stock worth $62,738,000 after purchasing an additional 23,234 shares during the last quarter. Finally, Boston Trust Walden Corp grew its holdings in Axcelis Technologies by 2.4% during the 2nd quarter. Boston Trust Walden Corp now owns 845,911 shares of the semiconductor company's stock worth $58,952,000 after acquiring an additional 19,579 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Trading Down 2.9%

NASDAQ:ACLS traded down $2.29 during trading hours on Wednesday, reaching $75.72. 1,090,487 shares of the company were exchanged, compared to its average volume of 642,663. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.56 and a quick ratio of 4.08. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 13.87 and a beta of 1.58. Axcelis Technologies has a 52-week low of $40.40 and a 52-week high of $117.57. The stock has a 50 day simple moving average of $69.23 and a 200 day simple moving average of $61.34.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.40. The company had revenue of $194.54 million for the quarter, compared to the consensus estimate of $185.15 million. Axcelis Technologies had a net margin of 18.58% and a return on equity of 18.55%. Axcelis Technologies's revenue was down 24.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 earnings per share. As a group, analysts predict that Axcelis Technologies will post 2.55 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.