Axcelis Technologies (ACLS) Downgraded by BidaskClub to “Sell”

BidaskClub lowered shares of Axcelis Technologies (NASDAQ:ACLS) from a hold rating to a sell rating in a research report released on Saturday morning.

Several other equities analysts have also commented on the stock. Benchmark restated a buy rating and issued a $33.00 price objective (down from $36.00) on shares of Axcelis Technologies in a report on Thursday. Zacks Investment Research lowered shares of Axcelis Technologies from a strong-buy rating to a hold rating in a report on Wednesday, January 3rd. ValuEngine upgraded shares of Axcelis Technologies from a hold rating to a buy rating in a report on Sunday, December 31st. B. Riley restated a buy rating and issued a $39.00 price objective on shares of Axcelis Technologies in a report on Tuesday, December 5th. Finally, Craig Hallum lowered shares of Axcelis Technologies from a buy rating to a hold rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $32.17.

Shares of Axcelis Technologies (NASDAQ:ACLS) traded up $0.70 during mid-day trading on Friday, hitting $26.00. 856,515 shares of the stock traded hands, compared to its average volume of 418,403. Axcelis Technologies has a 52-week low of $14.60 and a 52-week high of $37.05. The firm has a market cap of $816.74, a price-to-earnings ratio of 21.85, a P/E/G ratio of 0.72 and a beta of 1.10.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.28 by $0.10. Axcelis Technologies had a net margin of 10.80% and a return on equity of 16.37%. analysts forecast that Axcelis Technologies will post 1.44 earnings per share for the current fiscal year.

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,800 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $34.03, for a total transaction of $61,254.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevin J. Brewer sold 44,640 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $33.93, for a total transaction of $1,514,635.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 190,190 shares of company stock worth $6,334,389. 5.66% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in Axcelis Technologies by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,397 shares of the semiconductor company’s stock worth $510,000 after buying an additional 660 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Axcelis Technologies by 1.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 79,807 shares of the semiconductor company’s stock valued at $1,672,000 after purchasing an additional 1,147 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Axcelis Technologies by 4.7% in the 2nd quarter. New York State Common Retirement Fund now owns 30,975 shares of the semiconductor company’s stock valued at $649,000 after purchasing an additional 1,399 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Axcelis Technologies by 5.2% in the 2nd quarter. Wells Fargo & Company MN now owns 28,572 shares of the semiconductor company’s stock valued at $599,000 after purchasing an additional 1,416 shares during the last quarter. Finally, American International Group Inc. increased its position in shares of Axcelis Technologies by 8.1% in the 3rd quarter. American International Group Inc. now owns 20,140 shares of the semiconductor company’s stock valued at $551,000 after purchasing an additional 1,506 shares during the last quarter. Institutional investors own 77.95% of the company’s stock.

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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.

Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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