Axcelis Technologies (NASDAQ:ACLS – Get Free Report)‘s stock had its “hold” rating reaffirmed by investment analysts at Needham & Company LLC in a research report issued to clients and investors on Friday,Benzinga reports.
Several other equities research analysts have also issued reports on the stock. B. Riley lowered their target price on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Craig Hallum raised their target price on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, DA Davidson raised their price objective on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Axcelis Technologies has an average rating of “Moderate Buy” and a consensus target price of $167.33.
Axcelis Technologies Stock Performance
Institutional Investors Weigh In On Axcelis Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of ACLS. Signaturefd LLC grew its stake in Axcelis Technologies by 348.9% during the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock worth $30,000 after buying an additional 164 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Axcelis Technologies by 223.8% during the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock worth $39,000 after buying an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Axcelis Technologies in the second quarter valued at approximately $39,000. Isthmus Partners LLC raised its stake in shares of Axcelis Technologies by 87.3% during the second quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 15,507 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Axcelis Technologies during the second quarter worth $69,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.
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.
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