Axcelis Technologies Inc (NASDAQ:ACLS) has been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $23.00.

A number of equities research analysts recently issued reports on ACLS shares. TheStreet lowered Axcelis Technologies from a “b” rating to a “c+” rating in a research report on Thursday, May 23rd. ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. BidaskClub raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. Finally, Northland Securities set a $15.00 target price on Axcelis Technologies and gave the company a “hold” rating in a research report on Wednesday, August 7th.

Shares of NASDAQ:ACLS traded down $0.09 during trading on Friday, hitting $18.19. 177,800 shares of the company’s stock traded hands, compared to its average volume of 222,625. Axcelis Technologies has a 52 week low of $13.99 and a 52 week high of $22.99. The company has a current ratio of 6.63, a quick ratio of 4.04 and a debt-to-equity ratio of 0.12. The company has a market cap of $573.21 million, a price-to-earnings ratio of 13.89 and a beta of 1.29. The company has a 50-day moving average price of $15.53 and a 200-day moving average price of $17.44.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Tuesday, August 6th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.05. Axcelis Technologies had a return on equity of 5.53% and a net margin of 6.52%. The business had revenue of $74.31 million for the quarter, compared to analyst estimates of $75.00 million. During the same quarter last year, the firm earned $0.43 EPS. Axcelis Technologies’s revenue for the quarter was down 37.7% compared to the same quarter last year. On average, analysts predict that Axcelis Technologies will post 0.4 earnings per share for the current fiscal year.

In other news, EVP Douglas A. Lawson bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average price of $15.05 per share, with a total value of $45,150.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.72% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Axcelis Technologies by 10.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,285,935 shares of the semiconductor company’s stock worth $40,690,000 after purchasing an additional 208,263 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Axcelis Technologies by 448.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,792 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 5,554 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Axcelis Technologies by 62.7% during the 1st quarter. SG Americas Securities LLC now owns 19,594 shares of the semiconductor company’s stock worth $394,000 after purchasing an additional 7,554 shares during the last quarter. HL Financial Services LLC increased its position in shares of Axcelis Technologies by 5.1% during the 1st quarter. HL Financial Services LLC now owns 19,741 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 959 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Axcelis Technologies by 1.6% during the 1st quarter. Rhumbline Advisers now owns 97,823 shares of the semiconductor company’s stock worth $1,968,000 after purchasing an additional 1,526 shares during the last quarter. 82.33% 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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