Axcelis Technologies (ACLS) Stock Rating Lowered by BidaskClub

Axcelis Technologies (NASDAQ:ACLS) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other research analysts also recently commented on ACLS. Benchmark reaffirmed a “buy” rating and issued a $33.00 price target (down previously from $36.00) on shares of Axcelis Technologies in a research note on Thursday. ValuEngine downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. B. Riley reaffirmed a “buy” rating and issued a $39.00 price target on shares of Axcelis Technologies in a research note on Tuesday, December 5th. Finally, Stifel Nicolaus raised their price target on shares of Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $32.17.

Axcelis Technologies (NASDAQ ACLS) traded up $0.70 during mid-day trading on Friday, reaching $26.00. 856,515 shares of the company traded hands, compared to its average volume of 495,245. The stock has a market cap of $834.28, a P/E ratio of 21.85, a PEG ratio of 0.70 and a beta of 1.10. Axcelis Technologies has a 52 week low of $14.60 and a 52 week high of $37.05.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.10. Axcelis Technologies had a net margin of 10.80% and a return on equity of 16.37%. analysts expect that Axcelis Technologies will post 1.44 EPS for the current year.

In other Axcelis Technologies news, VP Lynnette C. Fallon sold 56,250 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $32.92, for a total transaction of $1,851,750.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John E. Aldeborgh sold 87,500 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $33.22, for a total transaction of $2,906,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 190,190 shares of company stock worth $6,334,389. 5.66% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in Axcelis Technologies during the 4th quarter worth about $178,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Axcelis Technologies by 3.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 158,022 shares of the semiconductor company’s stock valued at $4,536,000 after buying an additional 4,919 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in shares of Axcelis Technologies in the 4th quarter valued at about $1,114,000. Louisiana State Employees Retirement System bought a new stake in shares of Axcelis Technologies in the 4th quarter valued at about $387,000. Finally, Atlantic Trust Group LLC bought a new stake in shares of Axcelis Technologies in the 3rd quarter valued at about $1,437,000. Institutional investors own 77.95% of the company’s stock.

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Axcelis Technologies Company Profile

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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