Axcelis Technologies (ACLS) Upgraded by BidaskClub to “Hold”

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

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

NASDAQ:ACLS opened at $19.50 on Tuesday. The company has a market cap of $601.81 million, a price-to-earnings ratio of 13.18 and a beta of 0.85. Axcelis Technologies has a fifty-two week low of $18.35 and a fifty-two week high of $37.05.

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

Several hedge funds have recently made changes to their positions in ACLS. Wells Fargo & Company MN grew its position in shares of 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 buying an additional 119,402 shares during the period. Rhumbline Advisers grew its position in shares of Axcelis Technologies by 4.1% during the 1st quarter. Rhumbline Advisers now owns 73,555 shares of the semiconductor company’s stock worth $1,809,000 after buying an additional 2,871 shares during the period. Mackay Shields LLC acquired a new stake in shares of Axcelis Technologies during the 1st quarter worth approximately $258,000. Schwab Charles Investment Management Inc. grew its position in shares of 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 buying an additional 9,536 shares during the period. Finally, Northern Trust Corp grew its position in shares of 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 buying an additional 7,081 shares during the period. 84.60% of the stock is 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 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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