BidaskClub Downgrades Axcelis Technologies (ACLS) to Hold
Axcelis Technologies (NASDAQ:ACLS) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.
Several other equities research analysts also recently commented on ACLS. B. Riley restated a “buy” rating and issued a $39.00 target price on shares of Axcelis Technologies in a research note on Tuesday, December 5th. ValuEngine cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Stifel Nicolaus lifted their price target on Axcelis Technologies from $20.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, November 1st. Finally, Craig Hallum cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Axcelis Technologies presently has an average rating of “Buy” and an average price target of $31.33.
Shares of Axcelis Technologies (NASDAQ ACLS) opened at $28.95 on Tuesday. Axcelis Technologies has a 52 week low of $13.48 and a 52 week high of $37.05. The company has a market cap of $904.70, a price-to-earnings ratio of 25.49, a PEG ratio of 1.00 and a beta of 1.07.
In related news, Director John T. Kurtzweil sold 1,800 shares of Axcelis Technologies stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total value of $61,254.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lynnette C. Fallon sold 56,250 shares of Axcelis Technologies stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $32.92, for a total value of $1,851,750.00. The disclosure for this sale can be found here. Insiders sold 190,190 shares of company stock valued at $6,334,389 over the last ninety days. 5.66% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in Axcelis Technologies by 391.3% during the 2nd quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 3,913 shares during the last quarter. Advisor Group Inc. raised its holdings in Axcelis Technologies by 143.7% during the 3rd quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 2,350 shares during the last quarter. Creative Planning raised its holdings in Axcelis Technologies by 22,400.0% during the 2nd quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 5,600 shares during the last quarter. Jane Street Group LLC bought a new stake in Axcelis Technologies during the 3rd quarter worth about $201,000. Finally, J.P. Marvel Investment Advisors LLC bought a new stake in Axcelis Technologies during the 2nd quarter worth about $220,000. 78.14% of the stock is owned by hedge funds and other institutional investors.
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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.
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