Axcelis Technologies (NASDAQ:ACLS) Lowered to “Hold” Rating by Wall Street Zen

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

ACLS has been the subject of several other reports. Bank of America downgraded shares of Axcelis Technologies from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $81.00 to $90.00 in a report on Monday, October 13th. B. Riley dropped their price objective on shares of Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Benchmark raised 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 upgraded Axcelis Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, DA Davidson lifted their price objective on Axcelis Technologies from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $98.80.

Axcelis Technologies Trading Up 1.9%

Shares of ACLS opened at $90.82 on Friday. The company has a current ratio of 4.95, a quick ratio of 3.32 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.82 billion, a PE ratio of 21.47 and a beta of 1.73. Axcelis Technologies has a 1 year low of $40.40 and a 1 year high of $102.93. The stock has a 50 day simple moving average of $83.87 and a 200-day simple moving average of $78.09.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share for the quarter. The firm had revenue of $252.42 million for the quarter. Axcelis Technologies had a return on equity of 14.58% and a net margin of 15.93%. On average, sell-side analysts predict that Axcelis Technologies will post 2.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new position in Axcelis Technologies in the third quarter valued at about $25,000. Close Asset Management Ltd acquired a new stake in shares of Axcelis Technologies in the 3rd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC raised its position in shares of Axcelis Technologies by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 267 shares during the period. Caitlin John LLC bought a new position in Axcelis Technologies during the 3rd quarter worth approximately $32,000. Finally, Advisory Services Network LLC acquired a new position in Axcelis Technologies during the third quarter valued at approximately $32,000. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Company Profile

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.