Axcelis Technologies (NASDAQ:ACLS) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Other analysts also recently issued research reports about the stock. Benchmark raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research report on Thursday, October 2nd. DA Davidson upped their price target on Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. B. Riley upped their price target on Axcelis Technologies from $58.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 18th. Weiss Ratings restated a “hold (c)” rating on shares of Axcelis Technologies in a report on Wednesday. Finally, Zacks Research cut Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $98.75.

Axcelis Technologies Stock Down 6.4%

ACLS opened at $79.19 on Friday. The firm has a 50 day moving average price of $85.14 and a 200 day moving average price of $69.13. The company has a market cap of $2.49 billion, a PE ratio of 16.19 and a beta of 1.75. Axcelis Technologies has a 1 year low of $40.40 and a 1 year high of $107.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.26 and a current ratio of 6.01.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. The firm had revenue of $252.42 million during the quarter. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. Sell-side analysts expect that Axcelis Technologies will post 2.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ACLS. American Century Companies Inc. lifted its holdings in shares of Axcelis Technologies by 45.5% in the second quarter. American Century Companies Inc. now owns 1,659,463 shares of the semiconductor company’s stock valued at $115,648,000 after purchasing an additional 518,968 shares in the last quarter. BlackBarn Capital Partners LP lifted its holdings in shares of Axcelis Technologies by 758.0% in the first quarter. BlackBarn Capital Partners LP now owns 480,441 shares of the semiconductor company’s stock valued at $23,864,000 after purchasing an additional 424,444 shares in the last quarter. Boston Partners lifted its holdings in shares of Axcelis Technologies by 42.3% in the second quarter. Boston Partners now owns 474,043 shares of the semiconductor company’s stock valued at $33,616,000 after purchasing an additional 141,004 shares in the last quarter. Mizuho Markets Americas LLC bought a new position in shares of Axcelis Technologies in the first quarter valued at approximately $5,929,000. Finally, Walleye Capital LLC lifted its holdings in shares of Axcelis Technologies by 12,799.9% in the first quarter. Walleye Capital LLC now owns 94,169 shares of the semiconductor company’s stock valued at $4,677,000 after purchasing an additional 93,439 shares in the last quarter. 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.