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

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

Other equities analysts have also recently issued research reports about the company. DA Davidson boosted their price objective on Axcelis Technologies from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Zacks Research upgraded Axcelis Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Benchmark upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Thursday, October 2nd. B. Riley dropped their price objective on shares of Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, Bank of America lowered shares of Axcelis Technologies from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $81.00 to $90.00 in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $98.80.

Axcelis Technologies Trading Up 1.9%

Shares of ACLS opened at $90.82 on Friday. The company’s fifty day moving average is $83.87 and its 200 day moving average is $78.22. The stock has a market capitalization of $2.82 billion, a PE ratio of 21.47 and a beta of 1.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.32 and a current ratio of 4.95. Axcelis Technologies has a fifty-two week low of $40.40 and a fifty-two week high of $102.93.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. Axcelis Technologies had a net margin of 15.93% and a return on equity of 14.58%. The firm had revenue of $252.42 million during the quarter. Sell-side analysts expect that Axcelis Technologies will post 2.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axcelis Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Boston Partners boosted its holdings in Axcelis Technologies by 42.3% in the 2nd quarter. Boston Partners now owns 474,043 shares of the semiconductor company’s stock worth $33,616,000 after buying an additional 141,004 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Axcelis Technologies by 70.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,036 shares of the semiconductor company’s stock valued at $630,000 after acquiring an additional 3,750 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Axcelis Technologies by 31.8% in the first quarter. Voya Investment Management LLC now owns 27,384 shares of the semiconductor company’s stock valued at $1,360,000 after acquiring an additional 6,610 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of Axcelis Technologies in the second quarter worth approximately $524,000. Finally, Mizuho Markets Cayman LP purchased a new stake in shares of Axcelis Technologies during the second quarter worth approximately $2,956,000. Hedge funds and other institutional investors own 89.98% 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 in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.