Axcelis Technologies (NASDAQ:ACLS) Rating Lowered to Market Perform at William Blair

Axcelis Technologies (NASDAQ:ACLS) was downgraded by stock analysts at William Blair from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday,Briefing.com Automated Import reports.

A number of other research firms have also commented on ACLS. Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies 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’s stock. According to data from MarketBeat, Axcelis Technologies has an average rating of “Hold” and a consensus target price of $154.00.

Axcelis Technologies Trading Down 12.3 %

Shares of NASDAQ ACLS opened at $59.30 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45. Axcelis Technologies has a 52-week low of $57.68 and a 52-week high of $158.61. The firm has a 50 day moving average price of $71.28 and a two-hundred day moving average price of $88.45. The stock has a market cap of $1.93 billion, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.29. Axcelis Technologies had a net margin of 20.65% and a return on equity of 24.16%. As a group, equities analysts forecast that Axcelis Technologies will post 5.86 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ACLS. Vanguard Group Inc. lifted its stake in shares of Axcelis Technologies by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,396,134 shares of the semiconductor company’s stock valued at $307,158,000 after buying an additional 106,203 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Axcelis Technologies by 36.1% in the fourth quarter. LPL Financial LLC now owns 60,834 shares of the semiconductor company’s stock valued at $4,250,000 after buying an additional 16,152 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Axcelis Technologies in the fourth quarter valued at $454,000. Sei Investments Co. lifted its stake in shares of Axcelis Technologies by 39.2% in the fourth quarter. Sei Investments Co. now owns 145,167 shares of the semiconductor company’s stock valued at $10,143,000 after buying an additional 40,879 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Axcelis Technologies by 37.8% in the fourth quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company’s stock valued at $74,069,000 after buying an additional 290,678 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

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.