Axcelis Technologies (ACLS) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a sell rating to a hold rating in a report published on Saturday.

ACLS has been the subject of several other reports. BidaskClub downgraded Axcelis Technologies from a hold rating to a sell rating in a research note on Thursday, August 16th. B. Riley downgraded Axcelis Technologies from a buy rating to a neutral rating and lowered their target price for the company from $34.00 to $20.00 in a research note on Monday, October 29th. Zacks Investment Research downgraded Axcelis Technologies from a hold rating to a sell rating in a research note on Monday, November 5th. Needham & Company LLC restated a buy rating and set a $27.00 target price on shares of Axcelis Technologies in a research note on Friday, August 3rd. Finally, Benchmark downgraded Axcelis Technologies from a buy rating to a hold rating in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Axcelis Technologies has a consensus rating of Hold and an average price target of $27.00.

Shares of NASDAQ ACLS opened at $19.29 on Friday. The firm has a market capitalization of $645.65 million, a P/E ratio of 13.03 and a beta of 1.00. Axcelis Technologies has a 12-month low of $15.72 and a 12-month high of $31.60.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Thursday, November 1st. The semiconductor company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. The company had revenue of $95.40 million during the quarter, compared to the consensus estimate of $97.82 million. Axcelis Technologies had a return on equity of 13.86% and a net margin of 28.48%. The company’s revenue was down 8.7% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. Equities analysts anticipate that Axcelis Technologies will post 1.3 earnings per share for the current year.

In other news, Director John T. Kurtzweil sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $17.61, for a total transaction of $44,025.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.31% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Alps Advisors Inc. grew its stake in Axcelis Technologies by 13.4% in the second quarter. Alps Advisors Inc. now owns 20,773 shares of the semiconductor company’s stock worth $596,000 after purchasing an additional 2,457 shares in the last quarter. Globeflex Capital L P grew its stake in Axcelis Technologies by 13.6% in the second quarter. Globeflex Capital L P now owns 22,600 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 2,700 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Axcelis Technologies by 34.9% in the second quarter. OppenheimerFunds Inc. now owns 13,469 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 3,486 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Axcelis Technologies by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 171,176 shares of the semiconductor company’s stock worth $3,390,000 after purchasing an additional 3,618 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in Axcelis Technologies by 7.0% in the third quarter. Teachers Advisors LLC now owns 63,084 shares of the semiconductor company’s stock worth $1,240,000 after purchasing an additional 4,104 shares in the last quarter. Institutional investors and hedge funds own 82.12% 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 worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides dry strip equipment, curing systems, and thermal processing systems.

See Also: Cash Flow

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Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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