Axcelis Technologies (NASDAQ:ACLS) Stock Rating Lowered by Wall Street Zen

Axcelis Technologies (NASDAQ:ACLS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Axcelis Technologies in a report on Friday. Zacks Research downgraded Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Bank of America lowered Axcelis Technologies from a “neutral” rating to an “underperform” rating and lifted their target price for the stock from $81.00 to $90.00 in a report on Monday, October 13th. DA Davidson boosted their target price on Axcelis Technologies from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Benchmark raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Thursday, October 2nd. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $97.00.

Axcelis Technologies Price Performance

Shares of ACLS opened at $83.31 on Friday. The stock has a market cap of $2.62 billion, a P/E ratio of 17.04 and a beta of 1.75. Axcelis Technologies has a 1 year low of $40.40 and a 1 year high of $102.93. The stock’s 50-day moving average price is $85.87 and its two-hundred day moving average price is $71.76. The company has a current ratio of 6.01, a quick ratio of 4.26 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Monday, April 21st. The semiconductor company reported $1.71 EPS for the quarter. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%.The company had revenue of $252.42 million during the quarter. On average, equities analysts predict that Axcelis Technologies will post 2.55 earnings per share for the current year.

Institutional Trading of Axcelis Technologies

Institutional investors have recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new position in shares of Axcelis Technologies during the third quarter worth about $25,000. EverSource Wealth Advisors LLC raised its position in Axcelis Technologies by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 267 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Axcelis Technologies by 50.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 161 shares in the last quarter. Parallel Advisors LLC boosted its position in Axcelis Technologies by 129.0% during the 2nd quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 307 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new position in Axcelis Technologies during the 1st quarter worth approximately $38,000. 89.98% of the stock is currently 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 in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.