Axcelis Technologies, Inc. (ACLS) Rating Lowered to Hold at ValuEngine
Axcelis Technologies, Inc. (NASDAQ:ACLS) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Monday.
A number of other analysts have also recently commented on ACLS. Zacks Investment Research downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Benchmark Co. reissued a “buy” rating and set a $28.00 price objective (up previously from $24.00) on shares of Axcelis Technologies in a research note on Friday, September 8th. B. Riley reissued a “buy” rating and set a $30.00 price objective on shares of Axcelis Technologies in a research note on Wednesday, August 9th. BidaskClub cut shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Wedbush boosted their price objective on shares of Axcelis Technologies from $23.00 to $27.00 in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.67.
Shares of Axcelis Technologies (ACLS) opened at 27.95 on Monday. The stock’s 50 day moving average is $22.71 and its 200-day moving average is $21.37. The firm has a market cap of $872.68 million, a price-to-earnings ratio of 29.99 and a beta of 1.15. Axcelis Technologies has a 12-month low of $11.05 and a 12-month high of $29.40.
Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The company had revenue of $102.80 million for the quarter, compared to the consensus estimate of $100.07 million. Axcelis Technologies had a return on equity of 12.52% and a net margin of 9.10%. Axcelis Technologies’s quarterly revenue was up 59.4% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. On average, analysts anticipate that Axcelis Technologies will post $1.26 EPS for the current fiscal year.
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In related news, EVP William J. Bintz sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $22.57, for a total value of $282,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin J. Brewer sold 62,348 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $22.46, for a total value of $1,400,336.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,641 shares of company stock worth $2,347,514. 5.66% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Peregrine Capital Management LLC raised its holdings in Axcelis Technologies by 405.6% during the 2nd quarter. Peregrine Capital Management LLC now owns 572,856 shares of the semiconductor company’s stock worth $12,001,000 after buying an additional 459,560 shares during the period. Russell Investments Group Ltd. lifted its stake in Axcelis Technologies by 247.3% in the second quarter. Russell Investments Group Ltd. now owns 161,665 shares of the semiconductor company’s stock valued at $3,386,000 after buying an additional 115,111 shares in the last quarter. Schneider Capital Management Corp lifted its stake in Axcelis Technologies by 0.7% in the first quarter. Schneider Capital Management Corp now owns 394,346 shares of the semiconductor company’s stock valued at $7,414,000 after buying an additional 2,783 shares in the last quarter. KBC Group NV lifted its stake in Axcelis Technologies by 138.0% in the second quarter. KBC Group NV now owns 77,218 shares of the semiconductor company’s stock valued at $1,618,000 after buying an additional 44,775 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Axcelis Technologies by 5.2% in the first quarter. Vanguard Group Inc. now owns 1,225,693 shares of the semiconductor company’s stock valued at $23,043,000 after buying an additional 61,085 shares in the last quarter. 75.34% of the stock is owned by institutional investors and hedge funds.
About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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