Axcelis Technologies (NASDAQ:ACLS) Rating Lowered to Hold at ValuEngine

Axcelis Technologies (NASDAQ:ACLS) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

ACLS has been the topic of several other research reports. BidaskClub downgraded shares of Axcelis Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 23rd. Craig Hallum raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Monday, November 4th. Zacks Investment Research lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Northland Securities set a $15.00 price objective on Axcelis Technologies and gave the company a “hold” rating in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $24.33.

Shares of NASDAQ:ACLS opened at $22.74 on Wednesday. The business has a fifty day moving average price of $20.85 and a 200-day moving average price of $17.08. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.62 and a quick ratio of 3.42. The company has a market capitalization of $695.11 million, a PE ratio of 17.36 and a beta of 1.34. Axcelis Technologies has a 1-year low of $13.99 and a 1-year high of $22.99.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The company had revenue of $69.45 million for the quarter, compared to the consensus estimate of $70.90 million. Axcelis Technologies had a net margin of 4.63% and a return on equity of 3.85%. Axcelis Technologies’s revenue for the quarter was down 27.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. On average, sell-side analysts anticipate that Axcelis Technologies will post 0.39 earnings per share for the current fiscal year.

In other Axcelis Technologies news, EVP William J. Bintz sold 15,000 shares of Axcelis Technologies stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $22.50, for a total value of $337,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary G. Puma sold 21,831 shares of Axcelis Technologies stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $22.36, for a total transaction of $488,141.16. The disclosure for this sale can be found here. In the last three months, insiders sold 82,331 shares of company stock valued at $1,853,401. 3.72% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Senvest Management LLC boosted its stake in shares of Axcelis Technologies by 26.0% in the 2nd quarter. Senvest Management LLC now owns 2,297,563 shares of the semiconductor company’s stock worth $34,578,000 after buying an additional 474,801 shares during the last quarter. Tenzing Global Management LLC lifted its holdings in Axcelis Technologies by 33.3% in the third quarter. Tenzing Global Management LLC now owns 600,000 shares of the semiconductor company’s stock valued at $10,254,000 after acquiring an additional 150,000 shares during the period. Nuveen Asset Management LLC lifted its holdings in Axcelis Technologies by 815.8% in the second quarter. Nuveen Asset Management LLC now owns 141,745 shares of the semiconductor company’s stock valued at $2,133,000 after acquiring an additional 126,268 shares during the period. THB Asset Management bought a new position in Axcelis Technologies in the second quarter valued at about $1,788,000. Finally, BlackRock Inc. boosted its position in Axcelis Technologies by 2.2% in the second quarter. BlackRock Inc. now owns 4,941,904 shares of the semiconductor company’s stock worth $74,373,000 after purchasing an additional 107,977 shares during the last quarter. Institutional investors and hedge funds own 81.12% 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 curing systems and thermal processing systems.

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Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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