Axcelis Technologies (NASDAQ:ACLS) Rating Increased to B- at TheStreet

TheStreet upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a c+ rating to a b- rating in a report issued on Wednesday morning, TheStreetRatingsTable reports.

Other analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Axcelis Technologies from a buy rating to a hold rating in a report on Wednesday, December 4th. BidaskClub downgraded shares of Axcelis Technologies from a strong-buy rating to a buy rating in a report on Saturday, November 23rd. Zacks Investment Research downgraded shares of Axcelis Technologies from a buy rating to a hold rating in a report on Thursday, October 24th. DA Davidson started coverage on shares of Axcelis Technologies in a report on Thursday, December 5th. They set a buy rating and a $30.00 price target on the stock. Finally, Craig Hallum raised shares of Axcelis Technologies from a hold rating to a buy rating and set a $27.00 price objective on the stock in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $24.33.

Shares of NASDAQ ACLS traded up $0.07 during trading on Wednesday, reaching $23.71. 59,421 shares of the company traded hands, compared to its average volume of 214,731. The firm has a 50 day simple moving average of $21.54 and a 200-day simple moving average of $17.33. The company has a quick ratio of 3.42, a current ratio of 5.62 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $751.85 million, a PE ratio of 18.10 and a beta of 1.34. Axcelis Technologies has a 52-week low of $13.99 and a 52-week high of $23.75.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The firm 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%. The business’s quarterly revenue was down 27.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 EPS. As a group, research analysts predict that Axcelis Technologies will post 0.38 EPS for the current year.

In other Axcelis Technologies news, Director R John Fletcher sold 22,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $22.96, for a total transaction of $516,600.00. Following the completion of the sale, the director now directly owns 64,604 shares in the company, valued at $1,483,307.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mary G. Puma sold 21,831 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $22.36, for a total value of $488,141.16. The disclosure for this sale can be found here. Insiders have sold a total of 123,000 shares of company stock valued at $2,784,981 over the last 90 days. 3.72% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Morgan Stanley boosted its stake in Axcelis Technologies by 33.1% during the 2nd quarter. Morgan Stanley now owns 144,382 shares of the semiconductor company’s stock valued at $2,173,000 after purchasing an additional 35,943 shares in the last quarter. Panagora Asset Management Inc. bought a new position in Axcelis Technologies during the 2nd quarter valued at $33,000. Allianz Asset Management GmbH boosted its stake in Axcelis Technologies by 4.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 111,498 shares of the semiconductor company’s stock valued at $1,678,000 after purchasing an additional 5,067 shares in the last quarter. First Trust Advisors LP bought a new position in Axcelis Technologies during the 3rd quarter valued at $1,254,000. Finally, Invesco Ltd. boosted its stake in Axcelis Technologies by 36.0% during the 2nd quarter. Invesco Ltd. now owns 177,845 shares of the semiconductor company’s stock valued at $2,677,000 after purchasing an additional 47,091 shares in the last quarter. Institutional investors and hedge funds own 81.15% 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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