Benchmark cut shares of Axcelis Technologies (NASDAQ:ACLS) from a buy rating to a hold rating in a research report sent to investors on Friday, The Fly reports.
Other equities analysts have also recently issued research reports about the company. ValuEngine cut Axcelis Technologies from a hold rating to a sell rating in a report on Monday, August 13th. BidaskClub upgraded Axcelis Technologies from a sell rating to a hold rating in a report on Tuesday, September 18th. Craig Hallum upgraded Axcelis Technologies from a hold rating to a buy rating in a report on Friday, August 3rd. Needham & Company LLC reiterated a buy rating and issued a $27.00 price target on shares of Axcelis Technologies in a report on Friday, August 3rd. Finally, B. Riley cut Axcelis Technologies from a buy rating to a neutral rating and decreased their price target for the company from $34.00 to $20.00 in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Axcelis Technologies currently has an average rating of Hold and a consensus price target of $27.00.
Shares of NASDAQ:ACLS opened at $18.08 on Friday. Axcelis Technologies has a twelve month low of $15.72 and a twelve month high of $37.05. The firm has a market capitalization of $584.83 million, a PE ratio of 12.21 and a beta of 0.97.
Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. The business had revenue of $95.40 million for the quarter, compared to analysts’ expectations of $97.82 million. Axcelis Technologies had a return on equity of 13.86% and a net margin of 28.48%. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. Sell-side analysts predict that Axcelis Technologies will post 1.31 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of ACLS. BlackRock Inc. boosted its holdings in Axcelis Technologies by 10.9% during the second quarter. BlackRock Inc. now owns 4,529,402 shares of the semiconductor company’s stock worth $89,683,000 after buying an additional 445,693 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Axcelis Technologies by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,955,604 shares of the semiconductor company’s stock worth $38,721,000 after buying an additional 105,108 shares during the last quarter. Millennium Management LLC boosted its holdings in Axcelis Technologies by 19.1% during the first quarter. Millennium Management LLC now owns 571,105 shares of the semiconductor company’s stock worth $14,049,000 after buying an additional 91,666 shares during the last quarter. Raymond James & Associates bought a new position in Axcelis Technologies during the second quarter worth about $1,778,000. Finally, Tenzing Global Management LLC boosted its holdings in Axcelis Technologies by 23.1% during the second quarter. Tenzing Global Management LLC now owns 400,000 shares of the semiconductor company’s stock worth $7,920,000 after buying an additional 75,000 shares during the last quarter. Hedge funds and other institutional investors own 84.77% of the company’s stock.
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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