Axcelis Technologies (NASDAQ:ACLS) Downgraded by Wall Street Zen to Hold

Axcelis Technologies (NASDAQ:ACLS) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday. B. Riley cut their target price on shares of Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. DA Davidson boosted their price target 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. Zacks Research raised shares of Axcelis Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Benchmark raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $98.80.

Axcelis Technologies Trading Up 1.9%

NASDAQ ACLS opened at $90.82 on Friday. The firm’s 50 day moving average price is $83.87 and its two-hundred day moving average price is $77.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.32 and a current ratio of 4.95. Axcelis Technologies has a twelve month low of $40.40 and a twelve month high of $102.93. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 21.47 and a beta of 1.73.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Monday, April 21st. The semiconductor company reported $1.71 EPS for the quarter. Axcelis Technologies had a return on equity of 14.58% and a net margin of 15.93%.The business had revenue of $252.42 million during the quarter. Equities analysts anticipate that Axcelis Technologies will post 2.55 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC acquired a new stake in Axcelis Technologies during the third quarter worth about $25,000. Close Asset Management Ltd acquired a new position in Axcelis Technologies in the 3rd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC lifted 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 worth $31,000 after acquiring an additional 267 shares during the period. Caitlin John LLC acquired a new stake in shares of Axcelis Technologies during the 3rd quarter worth approximately $32,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Axcelis Technologies during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

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.