Axcelis Technologies (NASDAQ:ACLS) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Other analysts have also issued research reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Axcelis Technologies in a research note on Monday, December 1st. Zacks Research upgraded Axcelis Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. B. Riley dropped their target price on Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. DA Davidson raised their price target on Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Bank of America cut Axcelis Technologies from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $81.00 to $90.00 in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $98.80.

Axcelis Technologies Trading Up 0.4%

NASDAQ ACLS opened at $91.14 on Friday. Axcelis Technologies has a one year low of $40.40 and a one year high of $102.93. The business’s fifty day moving average is $83.76 and its 200-day moving average is $78.45. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.95 and a quick ratio of 3.32. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 21.55 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 earnings per share for the quarter. The firm had revenue of $252.42 million during the quarter. Axcelis Technologies had a net margin of 15.93% and a return on equity of 14.58%. Equities research analysts predict that Axcelis Technologies will post 2.55 EPS for the current year.

Institutional Investors Weigh In On Axcelis Technologies

Several large investors have recently bought and sold shares of the business. KERR FINANCIAL PLANNING Corp bought a new stake in Axcelis Technologies during the third quarter valued at approximately $237,000. CIBC Bancorp USA Inc. purchased a new position in shares of Axcelis Technologies during the 3rd quarter worth $336,000. Advisory Services Network LLC bought a new stake in shares of Axcelis Technologies during the 3rd quarter valued at $32,000. Morningstar Investment Management LLC bought a new stake in shares of Axcelis Technologies during the 3rd quarter valued at $979,000. Finally, NewEdge Advisors LLC increased its stake in shares of Axcelis Technologies by 5,705.6% in the 3rd quarter. NewEdge Advisors LLC now owns 1,045 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 1,027 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors.

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.