Axcelis Technologies (NASDAQ:ACLS) Earns Hold Rating from Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Axcelis Technologies (NASDAQ:ACLS) in a research note published on Friday morning, Benzinga reports.

A number of other equities analysts have also issued reports on ACLS. B. Riley Financial reduced 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 report on Friday, February 9th. B. Riley decreased 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 report on Friday, February 9th. Finally, Craig Hallum raised shares of Axcelis Technologies from a hold rating to a buy rating and set a $130.00 price target on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Axcelis Technologies presently has a consensus rating of Moderate Buy and a consensus price target of $169.00.

Axcelis Technologies Price Performance

NASDAQ ACLS opened at $111.45 on Friday. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.20 and a beta of 1.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.00 and a quick ratio of 2.71. The stock’s fifty day moving average price is $107.79 and its 200 day moving average price is $120.99. Axcelis Technologies has a 1 year low of $93.77 and a 1 year high of $201.00.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.33. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The business had revenue of $252.37 million for the quarter, compared to analyst estimates of $242.61 million. During the same period in the prior year, the company earned $1.43 earnings per share. The company’s revenue was down .6% on a year-over-year basis. As a group, equities research analysts forecast that Axcelis Technologies will post 6.63 earnings per share for the current year.

Insider Activity at Axcelis Technologies

In other news, EVP Douglas A. Lawson purchased 500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the completion of the transaction, the executive vice president now owns 19,648 shares in the company, valued at $2,181,713.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.43% of the company’s stock.

Hedge Funds Weigh In On Axcelis Technologies

A number of hedge funds have recently bought and sold shares of the business. Rakuten Securities Inc. purchased a new stake in shares of Axcelis Technologies in the fourth quarter valued at approximately $27,000. NBC Securities Inc. purchased a new stake in Axcelis Technologies in the 3rd quarter worth $28,000. GAMMA Investing LLC increased its holdings in Axcelis Technologies by 109.4% in the 1st quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 139 shares in the last quarter. Clearstead Advisors LLC acquired a new position in Axcelis Technologies during the third quarter worth $33,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in Axcelis Technologies during the third quarter valued at $34,000. 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.