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

Axcelis Technologies, Inc. (NASDAQ:ACLS) has been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $167.33.

Several equities research analysts have issued reports on the stock. Benchmark decreased their price objective on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. B. Riley decreased their price objective on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Craig Hallum boosted their price objective on shares of Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. DA Davidson boosted their price objective on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, August 2nd.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $100.28 on Wednesday. Axcelis Technologies has a one year low of $93.77 and a one year high of $170.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.26 and a current ratio of 4.42. The company has a 50 day moving average price of $107.07 and a 200 day moving average price of $115.73. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 3.09 and a beta of 1.58.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.18. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The company had revenue of $256.51 million during the quarter, compared to the consensus estimate of $250.06 million. During the same period in the previous year, the firm earned $1.86 earnings per share. Axcelis Technologies’s revenue for the quarter was down 6.4% on a year-over-year basis. Sell-side analysts anticipate that Axcelis Technologies will post 6.05 EPS for the current year.

Insider Activity

In other news, Director Jorge Titinger sold 6,086 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total value of $669,338.28. Following the completion of the transaction, the director now directly owns 5,891 shares in the company, valued at approximately $647,892.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.43% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Homestead Advisers Corp bought a new position in Axcelis Technologies during the 1st quarter valued at $1,227,000. SG Americas Securities LLC bought a new position in Axcelis Technologies during the 1st quarter valued at $791,000. Annex Advisory Services LLC boosted its stake in Axcelis Technologies by 964.1% during the 4th quarter. Annex Advisory Services LLC now owns 51,608 shares of the semiconductor company’s stock valued at $6,693,000 after acquiring an additional 46,758 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Axcelis Technologies by 309.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 17,549 shares of the semiconductor company’s stock valued at $2,495,000 after acquiring an additional 13,258 shares during the last quarter. Finally, Harber Asset Management LLC acquired a new stake in shares of Axcelis Technologies during the fourth quarter worth $5,165,000. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Company Profile

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.