Analysts Set Axcelis Technologies, Inc. (NASDAQ:ACLS) Target Price at $167.33

Axcelis Technologies, Inc. (NASDAQ:ACLS) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $155.83.

A number of research analysts recently weighed in on the stock. Craig Hallum lowered their price objective on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday. Benchmark downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ACLS. Commonwealth Equity Services LLC raised its position in Axcelis Technologies by 44.9% in the second quarter. Commonwealth Equity Services LLC now owns 10,086 shares of the semiconductor company’s stock worth $1,434,000 after acquiring an additional 3,127 shares during the period. Arizona State Retirement System raised its position in Axcelis Technologies by 1.5% in the second quarter. Arizona State Retirement System now owns 9,134 shares of the semiconductor company’s stock worth $1,299,000 after acquiring an additional 134 shares during the period. Quest Partners LLC raised its position in Axcelis Technologies by 2,226.5% in the second quarter. Quest Partners LLC now owns 2,629 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 2,516 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Axcelis Technologies in the second quarter worth approximately $39,000. Finally, Wedbush Securities Inc. bought a new position in Axcelis Technologies in the second quarter worth approximately $297,000. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Trading Up 0.3 %

NASDAQ:ACLS opened at $71.98 on Friday. The company’s 50 day moving average price is $73.88 and its 200-day moving average price is $97.60. Axcelis Technologies has a 52 week low of $66.75 and a 52 week high of $158.61. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 2.53 and a beta of 1.53.

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.