Axcelis Technologies (NASDAQ:ACLS) Stock Rating Lowered by William Blair

Axcelis Technologies (NASDAQ:ACLS) was downgraded by equities researchers at William Blair from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday, Marketbeat Ratings reports.

Other research analysts have also issued research reports about the stock. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Craig Hallum reduced their price objective on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $154.00.

Axcelis Technologies Stock Up 3.1 %

Shares of NASDAQ ACLS opened at $61.98 on Wednesday. The firm has a market capitalization of $2.01 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04. Axcelis Technologies has a 1 year low of $56.32 and a 1 year high of $158.61. The firm’s 50-day moving average is $70.62 and its 200-day moving average is $87.81.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a net margin of 20.65% and a return on equity of 24.16%. Equities analysts expect that Axcelis Technologies will post 5.86 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in shares of Axcelis Technologies by 90.6% in the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 173 shares during the last quarter. Avior Wealth Management LLC increased its holdings in Axcelis Technologies by 1,153.8% during the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock worth $34,000 after buying an additional 450 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in Axcelis Technologies by 1,415.2% during the fourth quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company’s stock worth $35,000 after buying an additional 467 shares during the last quarter. Blue Trust Inc. increased its holdings in Axcelis Technologies by 85.5% during the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock worth $44,000 after buying an additional 289 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Axcelis Technologies by 184.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company’s stock worth $47,000 after buying an additional 433 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Company Profile

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.