Axcelis Technologies, Inc. (ACLS) Cut to Hold at Zacks Investment Research
Axcelis Technologies, Inc. (NASDAQ:ACLS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
According to Zacks, “Axcelis Technologies is a leading producer of ion implantation equipment used in the fabrication of semiconductors. The company also produces dry strip, photostabilization and rapid thermal processing equipment, which is used in semiconductor manufacturing primarily before and after the ion implantation process. In addition, the company provides extensive aftermarket service and support, including spare parts, equipment upgrades, maintenance services and customer training. “
Several other brokerages also recently commented on ACLS. Benchmark Co. restated a “buy” rating and issued a $28.00 target price (up previously from $24.00) on shares of Axcelis Technologies in a research note on Friday, September 8th. B. Riley restated a “buy” rating and issued a $30.00 target price on shares of Axcelis Technologies in a research note on Friday, August 4th. Wedbush raised their target price on Axcelis Technologies from $23.00 to $27.00 in a research note on Friday, June 16th. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded Axcelis Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $25.33.
Shares of Axcelis Technologies (NASDAQ ACLS) traded up 1.08% on Thursday, reaching $23.30. The company’s stock had a trading volume of 214,321 shares. The firm’s 50-day moving average price is $21.09 and its 200-day moving average price is $20.30. Axcelis Technologies has a 12 month low of $11.05 and a 12 month high of $26.53. The stock has a market cap of $727.50 million, a P/E ratio of 25.00 and a beta of 1.08.
Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). Axcelis Technologies had a return on equity of 12.52% and a net margin of 9.10%. The company had revenue of $102.80 million during the quarter, compared to the consensus estimate of $100.07 million. During the same quarter in the prior year, the business earned $0.10 EPS. The firm’s revenue for the quarter was up 59.4% compared to the same quarter last year. On average, analysts forecast that Axcelis Technologies will post $1.26 earnings per share for the current fiscal year.
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In other Axcelis Technologies news, EVP William J. Bintz sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $22.57, for a total value of $282,125.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Douglas A. Lawson sold 14,454 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $21.12, for a total value of $305,268.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,641 shares of company stock worth $2,347,514. Insiders own 5.66% of the company’s stock.
Several large investors have recently added to or reduced their stakes in ACLS. Teachers Advisors LLC raised its holdings in shares of Axcelis Technologies by 4.0% in the 4th quarter. Teachers Advisors LLC now owns 46,666 shares of the semiconductor company’s stock valued at $679,000 after acquiring an additional 1,786 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Axcelis Technologies in the 1st quarter valued at about $875,000. Bank of New York Mellon Corp raised its holdings in shares of Axcelis Technologies by 36.9% in the 1st quarter. Bank of New York Mellon Corp now owns 163,130 shares of the semiconductor company’s stock valued at $3,067,000 after acquiring an additional 43,934 shares in the last quarter. KBC Group NV raised its holdings in shares of Axcelis Technologies by 18.3% in the 1st quarter. KBC Group NV now owns 32,443 shares of the semiconductor company’s stock valued at $610,000 after acquiring an additional 5,020 shares in the last quarter. Finally, EAM Investors LLC purchased a new stake in shares of Axcelis Technologies in the 1st quarter valued at about $2,623,000. 75.85% 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. 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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