BidaskClub lowered shares of Axcelis Technologies (NASDAQ:ACLS) from a hold rating to a sell rating in a research note released on Tuesday morning.

ACLS has been the subject of several other reports. Needham & Company LLC restated a buy rating and set a $27.00 target price on shares of Axcelis Technologies in a research report on Friday, August 3rd. Northland Securities started coverage on shares of Axcelis Technologies in a research report on Wednesday, June 20th. They set an outperform rating and a $28.00 target price for the company. ValuEngine lowered shares of Axcelis Technologies from a sell rating to a strong sell rating in a research report on Friday, September 7th. Craig Hallum upgraded shares of Axcelis Technologies from a hold rating to a buy rating in a research report on Friday, August 3rd. Finally, Benchmark restated a buy rating and set a $32.00 target price on shares of Axcelis Technologies in a research report on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $29.50.

Shares of ACLS stock opened at $16.90 on Tuesday. The company has a market capitalization of $635.79 million, a PE ratio of 11.61 and a beta of 0.84. Axcelis Technologies has a 52 week low of $16.65 and a 52 week high of $37.05.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in ACLS. Guggenheim Capital LLC boosted its position in shares of Axcelis Technologies by 7.1% in the first quarter. Guggenheim Capital LLC now owns 145,475 shares of the semiconductor company’s stock worth $3,579,000 after purchasing an additional 9,620 shares during the period. Tenzing Global Management LLC boosted its position in shares of Axcelis Technologies by 23.1% in the second quarter. Tenzing Global Management LLC now owns 400,000 shares of the semiconductor company’s stock worth $7,920,000 after purchasing an additional 75,000 shares during the period. Swiss National Bank boosted its position in shares of Axcelis Technologies by 9.4% in the second quarter. Swiss National Bank now owns 58,200 shares of the semiconductor company’s stock worth $1,152,000 after purchasing an additional 5,000 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Axcelis Technologies by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,955,604 shares of the semiconductor company’s stock worth $38,721,000 after purchasing an additional 105,108 shares during the period. Finally, HL Financial Services LLC bought a new position in shares of Axcelis Technologies in the second quarter worth approximately $333,000. Institutional investors own 84.59% 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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Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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