Weiss Ratings Reaffirms Hold (C) Rating for Axcelis Technologies (NASDAQ:ACLS)

Axcelis Technologies (NASDAQ:ACLS)‘s stock had its “hold (c)” rating reaffirmed by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research analysts have also recently weighed in on the company. Benchmark raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Thursday, October 2nd. DA Davidson raised their target price on Axcelis Technologies from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Zacks Research cut Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, B. Riley raised their target price on Axcelis Technologies from $58.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 18th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.75.

Axcelis Technologies Price Performance

Shares of ACLS opened at $84.61 on Wednesday. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 17.30 and a beta of 1.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.26 and a current ratio of 6.01. Axcelis Technologies has a one year low of $40.40 and a one year high of $107.23. The stock’s fifty day moving average is $84.93 and its 200-day moving average is $68.88.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share for the quarter. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%.The business had revenue of $252.42 million during the quarter. Equities analysts anticipate that Axcelis Technologies will post 2.55 EPS for the current year.

Hedge Funds Weigh In On Axcelis Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp boosted its position in shares of Axcelis Technologies by 160.5% in the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 358 shares during the period. EverSource Wealth Advisors LLC boosted its position in Axcelis Technologies by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 267 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Axcelis Technologies by 50.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 161 shares during the period. Bayforest Capital Ltd acquired a new stake in Axcelis Technologies during the 1st quarter worth about $38,000. Finally, Parallel Advisors LLC boosted its position in Axcelis Technologies by 129.0% during the 2nd quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 307 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

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.