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

ACLS has been the topic of several other reports. Needham & Company LLC reiterated a “buy” rating and set a $27.00 target price on shares of Axcelis Technologies in a report on Friday, August 3rd. Northland Securities initiated coverage on Axcelis Technologies in a report on Wednesday, June 20th. They set an “outperform” rating and a $28.00 target price on the stock. ValuEngine downgraded Axcelis Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Finally, Benchmark reiterated a “buy” rating and set a $32.00 target price on shares of Axcelis Technologies in a report on Friday, August 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Axcelis Technologies has an average rating of “Hold” and a consensus price target of $29.50.

Shares of NASDAQ:ACLS opened at $17.33 on Tuesday. The stock 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 one year low of $17.21 and a one year high of $37.05.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Thursday, August 2nd. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08. The business had revenue of $119.30 million for the quarter, compared to the consensus estimate of $116.33 million. Axcelis Technologies had a return on equity of 16.84% and a net margin of 28.57%. The company’s revenue was up 16.1% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. As a group, research analysts predict that Axcelis Technologies will post 1.33 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of ACLS. Wells Fargo & Company MN increased its holdings in Axcelis Technologies by 147.8% during the 1st quarter. Wells Fargo & Company MN now owns 200,194 shares of the semiconductor company’s stock worth $4,926,000 after purchasing an additional 119,402 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Axcelis Technologies by 6.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 167,558 shares of the semiconductor company’s stock worth $4,122,000 after purchasing an additional 9,536 shares during the last quarter. Northern Trust Corp increased its holdings in Axcelis Technologies by 1.9% during the 1st quarter. Northern Trust Corp now owns 385,403 shares of the semiconductor company’s stock worth $9,481,000 after purchasing an additional 7,081 shares during the last quarter. BlackRock Inc. increased its holdings in Axcelis Technologies by 4.3% during the 1st quarter. BlackRock Inc. now owns 4,083,709 shares of the semiconductor company’s stock worth $100,459,000 after purchasing an additional 168,711 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Axcelis Technologies by 315.0% during the 1st quarter. JPMorgan Chase & Co. now owns 208,248 shares of the semiconductor company’s stock worth $5,123,000 after purchasing an additional 158,065 shares during the last quarter. Institutional investors own 84.59% 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 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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