Axcelis Technologies (NASDAQ:ACLS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a hold rating to a buy rating in a research report released on Saturday.

Several other brokerages have also weighed in on ACLS. DA Davidson upped their price objective on shares of Axcelis Technologies from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Benchmark upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Thursday, October 2nd. Zacks Research downgraded Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. B. Riley increased their price objective on Axcelis Technologies from $58.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axcelis Technologies in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $97.00.

Axcelis Technologies Stock Performance

Shares of Axcelis Technologies stock opened at $81.43 on Friday. Axcelis Technologies has a fifty-two week low of $40.40 and a fifty-two week high of $107.23. The firm has a market capitalization of $2.56 billion, a P/E ratio of 16.65 and a beta of 1.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.01 and a quick ratio of 4.26. The company’s 50 day moving average price is $85.35 and its two-hundred day moving average price is $69.46.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. The company had revenue of $252.42 million during the quarter. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%. On average, equities analysts forecast that Axcelis Technologies will post 2.55 earnings per share for the current fiscal year.

Institutional Trading of Axcelis Technologies

Several institutional investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB raised its stake in shares of Axcelis Technologies by 50.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company’s stock worth $34,000 after buying an additional 161 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Axcelis Technologies by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 267 shares in the last quarter. Eagle Bay Advisors LLC grew its position in shares of Axcelis Technologies by 3.8% during the first quarter. Eagle Bay Advisors LLC now owns 7,585 shares of the semiconductor company’s stock valued at $377,000 after purchasing an additional 275 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Axcelis Technologies by 16.3% during the first quarter. Advisors Asset Management Inc. now owns 1,969 shares of the semiconductor company’s stock valued at $98,000 after purchasing an additional 276 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Axcelis Technologies by 129.0% in the 2nd quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company’s stock worth $38,000 after buying an additional 307 shares in the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

About Axcelis Technologies

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.