Axcelis Technologies (NASDAQ:ACLS) Given “Hold” Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Axcelis Technologies (NASDAQ:ACLS) in a report released on Wednesday morning,Benzinga reports.

ACLS has been the topic of a number of other research reports. William Blair cut shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Craig Hallum decreased their price target on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $154.00.

Axcelis Technologies Stock Performance

ACLS opened at $60.14 on Wednesday. The firm has a fifty day moving average price of $70.94 and a 200 day moving average price of $88.00. Axcelis Technologies has a 1 year low of $56.32 and a 1 year high of $158.61. The stock has a market cap of $1.96 billion, a P/E ratio of 8.90, a P/E/G ratio of 2.39 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.29. Axcelis Technologies had a net margin of 20.65% and a return on equity of 24.16%. Equities research analysts anticipate that Axcelis Technologies will post 5.86 earnings per share for the current year.

Institutional Trading of Axcelis Technologies

Several hedge funds have recently made changes to their positions in the company. Landscape Capital Management L.L.C. increased its holdings in Axcelis Technologies by 29.7% in the 4th quarter. Landscape Capital Management L.L.C. now owns 7,075 shares of the semiconductor company’s stock valued at $494,000 after purchasing an additional 1,621 shares during the last quarter. Bryce Point Capital LLC acquired a new position in shares of Axcelis Technologies in the 4th quarter valued at $467,000. Massachusetts Financial Services Co. MA grew its position in shares of Axcelis Technologies by 0.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 233,008 shares of the semiconductor company’s stock valued at $16,280,000 after buying an additional 1,140 shares during the last quarter. Trexquant Investment LP raised its stake in Axcelis Technologies by 60.0% during the 4th quarter. Trexquant Investment LP now owns 69,894 shares of the semiconductor company’s stock worth $4,883,000 after acquiring an additional 26,219 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Axcelis Technologies in the fourth quarter valued at $156,000. 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.