Axcelis Technologies (NASDAQ:ACLS) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

A number of other research analysts have also weighed in on ACLS. ValuEngine lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. B. Riley reaffirmed a “buy” rating and set a $39.00 target price on shares of Axcelis Technologies in a report on Tuesday, December 5th. Zacks Investment Research lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Stifel Nicolaus boosted their price objective on Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, November 1st. Finally, Craig Hallum lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.33.

Axcelis Technologies (NASDAQ:ACLS) traded up $1.15 during mid-day trading on Tuesday, reaching $29.75. The company’s stock had a trading volume of 1,050,000 shares, compared to its average volume of 671,579. The stock has a market cap of $928.91, a price-to-earnings ratio of 26.33, a PEG ratio of 1.04 and a beta of 1.07. Axcelis Technologies has a 1-year low of $13.60 and a 1-year high of $37.05.

In other news, CFO Kevin J. Brewer sold 44,640 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $33.93, for a total transaction of $1,514,635.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John E. Aldeborgh sold 87,500 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $33.22, for a total value of $2,906,750.00. The disclosure for this sale can be found here. Insiders have sold 190,190 shares of company stock valued at $6,334,389 in the last three months. 5.66% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in Axcelis Technologies by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 24,397 shares of the semiconductor company’s stock worth $510,000 after buying an additional 660 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Axcelis Technologies by 1.5% in the second quarter. TIAA CREF Investment Management LLC now owns 79,807 shares of the semiconductor company’s stock worth $1,672,000 after buying an additional 1,147 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Axcelis Technologies by 4.7% in the second quarter. New York State Common Retirement Fund now owns 30,975 shares of the semiconductor company’s stock worth $649,000 after buying an additional 1,399 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Axcelis Technologies by 5.2% in the second quarter. Wells Fargo & Company MN now owns 28,572 shares of the semiconductor company’s stock worth $599,000 after buying an additional 1,416 shares in the last quarter. Finally, American International Group Inc. boosted its stake in Axcelis Technologies by 8.1% in the third quarter. American International Group Inc. now owns 20,140 shares of the semiconductor company’s stock worth $551,000 after buying an additional 1,506 shares in the last quarter. 78.14% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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