Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have earned a consensus rating of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $31.33.
Several equities research analysts have recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $30.00 price objective on shares of Axcelis Technologies in a research report on Friday, August 4th. Zacks Investment Research raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Thursday, November 2nd. Stifel Nicolaus increased their price objective on Axcelis Technologies from $20.00 to $31.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. ValuEngine cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, BidaskClub cut Axcelis Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.
Axcelis Technologies (NASDAQ ACLS) traded up $1.28 on Friday, hitting $36.62. The stock had a trading volume of 482,830 shares, compared to its average volume of 923,370. Axcelis Technologies has a 12 month low of $12.65 and a 12 month high of $37.05. The company has a market capitalization of $1,140.00, a PE ratio of 32.41, a price-to-earnings-growth ratio of 1.27 and a beta of 1.10.
Several hedge funds and other institutional investors have recently modified their holdings of ACLS. Royal Bank of Canada lifted its holdings in shares of Axcelis Technologies by 391.3% during the second quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock valued at $103,000 after acquiring an additional 3,913 shares during the period. Advisor Group Inc. lifted its holdings in shares of Axcelis Technologies by 143.7% during the third quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 2,350 shares during the period. Creative Planning lifted its holdings in shares of Axcelis Technologies by 22,400.0% during the second quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 5,600 shares during the period. Jane Street Group LLC bought a new position in shares of Axcelis Technologies during the third quarter valued at $201,000. Finally, J.P. Marvel Investment Advisors LLC bought a new position in shares of Axcelis Technologies during the second quarter valued at $220,000. 75.47% of the stock is owned by institutional investors.
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Axcelis Technologies Company Profile
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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