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 report released on Tuesday.

Other analysts have also issued reports about the company. Needham & Company LLC reissued a “buy” rating and issued a $27.00 price target on shares of Axcelis Technologies in a research note on Friday, August 3rd. Craig Hallum raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Benchmark reissued a “buy” rating and issued a $32.00 price target on shares of Axcelis Technologies in a research note on Friday, August 3rd. Zacks Investment Research lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Finally, ValuEngine raised Axcelis Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.50.

ACLS opened at $17.33 on Tuesday. The firm has a market cap of $635.79 million, a P/E ratio of 11.71 and a beta of 0.84. Axcelis Technologies has a 52 week low of $17.21 and a 52 week high of $37.05.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Thursday, August 2nd. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Axcelis Technologies had a return on equity of 16.84% and a net margin of 28.57%. The business had revenue of $119.30 million for the quarter, compared to analyst estimates of $116.33 million. During the same quarter last year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. Research analysts expect that Axcelis Technologies will post 1.33 EPS for the current year.

A number of large investors have recently modified their holdings of the business. Alps Advisors Inc. boosted its stake in Axcelis Technologies by 13.4% in the 2nd quarter. Alps Advisors Inc. now owns 20,773 shares of the semiconductor company’s stock worth $596,000 after buying an additional 2,457 shares during the last quarter. Globeflex Capital L P boosted its stake in Axcelis Technologies by 13.6% in the 2nd quarter. Globeflex Capital L P now owns 22,600 shares of the semiconductor company’s stock worth $447,000 after buying an additional 2,700 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Axcelis Technologies by 4.8% in the 1st quarter. Legal & General Group Plc now owns 59,434 shares of the semiconductor company’s stock valued at $1,441,000 after purchasing an additional 2,747 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Axcelis Technologies by 34.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 13,469 shares of the semiconductor company’s stock valued at $267,000 after purchasing an additional 3,486 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Axcelis Technologies by 2.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 171,176 shares of the semiconductor company’s stock valued at $3,390,000 after purchasing an additional 3,618 shares in the last quarter. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

About Axcelis Technologies

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides dry strip equipment, curing systems, and thermal processing systems.

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Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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