Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives $189.00 Average Price Target from Brokerages

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $189.00.

A number of research analysts have commented on ACLS shares. B. Riley Financial cut their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a "buy" rating for the company in a research note on Friday, February 9th. Bank of America cut shares of Axcelis Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, December 15th. Finally, B. Riley cut their target price on shares of Axcelis Technologies from $180.00 to $165.00 and set a "buy" rating for the company in a research note on Friday, February 9th.

Axcelis Technologies Price Performance

ACLS traded down $3.76 during midday trading on Wednesday, reaching $105.14. 552,333 shares of the company's stock were exchanged, compared to its average volume of 696,316. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.23 and a beta of 1.63. The company has a quick ratio of 2.71, a current ratio of 3.79 and a debt-to-equity ratio of 0.05. Axcelis Technologies has a one year low of $103.25 and a one year high of $201.00. The business has a 50-day simple moving average of $114.64 and a two-hundred day simple moving average of $128.38.

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

Insider Activity at Axcelis Technologies

In related news, EVP Douglas A. Lawson purchased 500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of $111.04 per share, with a total value of $55,520.00. Following the completion of the acquisition, the executive vice president now directly owns 19,648 shares in the company, valued at approximately $2,181,713.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.14% of the stock is currently owned by company insiders.

Institutional Trading of Axcelis Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of ACLS. Ronald Blue Trust Inc. grew its holdings in shares of Axcelis Technologies by 74.7% in the 3rd quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company's stock valued at $25,000 after buying an additional 65 shares during the period. NBC Securities Inc. acquired a new position in shares of Axcelis Technologies in the 3rd quarter valued at $28,000. Clearstead Advisors LLC acquired a new position in shares of Axcelis Technologies in the 3rd quarter valued at $33,000. Rakuten Securities Inc. acquired a new position in shares of Axcelis Technologies in the 4th quarter valued at $27,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Axcelis Technologies in the 3rd quarter valued at $34,000. Institutional investors and hedge funds 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.