Axcelis Technologies (ACLS) Cut to Sell at ValuEngine

Axcelis Technologies (NASDAQ:ACLS) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Several other equities analysts also recently weighed in on ACLS. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Benchmark restated a “buy” rating and issued a $32.00 target price on shares of Axcelis Technologies in a research report on Friday, August 3rd. BidaskClub upgraded Axcelis Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Zacks Investment Research downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $27.00 target price on shares of Axcelis Technologies in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Axcelis Technologies has a consensus rating of “Buy” and an average price target of $29.50.

NASDAQ ACLS opened at $21.10 on Monday. The company has a market capitalization of $690.79 million, a PE ratio of 14.24, a PEG ratio of 0.80 and a beta of 0.97. Axcelis Technologies has a 1-year low of $19.30 and a 1-year high of $37.05.



Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Thursday, August 2nd. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. The business had revenue of $119.30 million for the quarter, compared to the consensus estimate of $116.33 million. Axcelis Technologies had a return on equity of 16.84% and a net margin of 28.57%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. sell-side analysts expect that Axcelis Technologies will post 1.33 EPS for the current year.

In related news, EVP Douglas A. Lawson sold 6,107 shares of Axcelis Technologies stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $21.72, for a total transaction of $132,644.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.31% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Guggenheim Capital LLC lifted its position in Axcelis Technologies by 7.1% during the first quarter. Guggenheim Capital LLC now owns 145,475 shares of the semiconductor company’s stock worth $3,579,000 after buying an additional 9,620 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Axcelis Technologies during the first quarter worth approximately $661,000. Algert Global LLC lifted its position in Axcelis Technologies by 12.0% during the second quarter. Algert Global LLC now owns 41,419 shares of the semiconductor company’s stock worth $820,000 after buying an additional 4,447 shares in the last quarter. Principal Financial Group Inc. lifted its position in Axcelis Technologies by 4.8% during the first quarter. Principal Financial Group Inc. now owns 260,103 shares of the semiconductor company’s stock worth $6,399,000 after buying an additional 11,939 shares in the last quarter. Finally, Raymond James & Associates purchased a new position in Axcelis Technologies during the fourth quarter worth approximately $1,101,000. Hedge funds and other institutional investors own 86.11% 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 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.

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