Axcelis Technologies (NASDAQ:ACLS) Upgraded at BidaskClub

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BidaskClub upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a hold rating to a buy rating in a research report report published on Saturday, BidAskClub reports.

Other equities research analysts have also recently issued reports about the company. Benchmark reissued a buy rating and set a $26.00 price target on shares of Axcelis Technologies in a report on Thursday, May 9th. Zacks Investment Research cut Axcelis Technologies from a hold rating to a sell rating in a report on Tuesday, April 9th. Northland Securities cut Axcelis Technologies from an outperform rating to a market perform rating in a report on Wednesday, May 8th. ValuEngine raised Axcelis Technologies from a hold rating to a buy rating in a report on Tuesday, July 23rd. Finally, TheStreet cut Axcelis Technologies from a b rating to a c+ rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $27.00.

Shares of Axcelis Technologies stock opened at $15.09 on Friday. Axcelis Technologies has a one year low of $13.99 and a one year high of $23.25. The business has a fifty day moving average of $15.23. The company has a market cap of $519.50 million, a PE ratio of 14.60 and a beta of 1.32. The company has a current ratio of 5.76, a quick ratio of 3.73 and a debt-to-equity ratio of 0.12.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Tuesday, May 7th. The semiconductor company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. The company had revenue of $91.48 million for the quarter, compared to analysts’ expectations of $93.05 million. Axcelis Technologies had a return on equity of 9.11% and a net margin of 9.23%. Axcelis Technologies’s revenue for the quarter was down 25.1% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. As a group, equities research analysts anticipate that Axcelis Technologies will post 0.35 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its holdings in Axcelis Technologies by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 22,947 shares of the semiconductor company’s stock valued at $408,000 after acquiring an additional 504 shares during the period. Comerica Bank grew its position in shares of Axcelis Technologies by 2.6% during the first quarter. Comerica Bank now owns 31,996 shares of the semiconductor company’s stock valued at $669,000 after purchasing an additional 805 shares in the last quarter. Arizona State Retirement System grew its position in shares of Axcelis Technologies by 1.7% during the second quarter. Arizona State Retirement System now owns 51,100 shares of the semiconductor company’s stock valued at $769,000 after purchasing an additional 873 shares in the last quarter. Texas Permanent School Fund grew its position in shares of Axcelis Technologies by 4.2% during the first quarter. Texas Permanent School Fund now owns 22,107 shares of the semiconductor company’s stock valued at $445,000 after purchasing an additional 897 shares in the last quarter. Finally, HL Financial Services LLC grew its position in shares of Axcelis Technologies by 5.1% during the first quarter. HL Financial Services LLC now owns 19,741 shares of the semiconductor company’s stock valued at $397,000 after purchasing an additional 959 shares in the last quarter. 80.48% of the stock is currently owned by institutional investors and hedge funds.

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 curing systems and thermal processing systems.

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