Axcelis Technologies (NASDAQ:ACLS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday, January 3rd.

According to Zacks, “Axcelis Technologies is a leading producer of ion implantation equipment used in the fabrication of semiconductors. The company also produces dry strip, photostabilization and rapid thermal processing equipment, which is used in semiconductor manufacturing primarily before and after the ion implantation process. In addition, the company provides extensive aftermarket service and support, including spare parts, equipment upgrades, maintenance services and customer training. “

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A number of other research analysts have also issued reports on the stock. ValuEngine upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. B. Riley restated a “buy” rating and issued a $39.00 target price on shares of Axcelis Technologies in a report on Tuesday, December 5th. Craig Hallum lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Finally, Stifel Nicolaus increased their price objective on shares of Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $32.17.

Shares of Axcelis Technologies (ACLS) opened at $26.25 on Wednesday. The company has a market cap of $854.44, a PE ratio of 24.07, a P/E/G ratio of 0.75 and a beta of 1.10. Axcelis Technologies has a 12 month low of $14.60 and a 12 month high of $37.05.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.10. The firm had revenue of $104.48 million for the quarter, compared to analysts’ expectations of $95.03 million. Axcelis Technologies had a net margin of 10.80% and a return on equity of 16.37%. research analysts anticipate that Axcelis Technologies will post 1.44 EPS for the current year.

In related news, CFO Kevin J. Brewer sold 44,640 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $33.93, for a total value of $1,514,635.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John T. Kurtzweil sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $34.03, for a total transaction of $61,254.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 190,190 shares of company stock worth $6,334,389. Insiders own 5.66% of the company’s stock.

A number of large investors have recently modified their holdings of ACLS. Peregrine Capital Management LLC grew its position in Axcelis Technologies by 45.0% in the third quarter. Peregrine Capital Management LLC now owns 830,397 shares of the semiconductor company’s stock valued at $22,711,000 after acquiring an additional 257,541 shares in the last quarter. SG Capital Management LLC acquired a new stake in Axcelis Technologies in the third quarter valued at approximately $6,192,000. PDT Partners LLC grew its position in Axcelis Technologies by 159.3% in the second quarter. PDT Partners LLC now owns 176,305 shares of the semiconductor company’s stock valued at $3,694,000 after acquiring an additional 108,305 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in Axcelis Technologies in the third quarter valued at approximately $2,538,000. Finally, Schwab Charles Investment Management Inc. grew its position in Axcelis Technologies by 146.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 153,103 shares of the semiconductor company’s stock valued at $4,188,000 after acquiring an additional 91,003 shares in the last quarter. 77.91% of the stock is owned by institutional investors.

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Axcelis Technologies Company Profile

Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.

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Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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