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

William Blair lowered shares of Axcelis Technologies (NASDAQ:ACLS) from an outperform rating to a market perform rating in a research note released on Wednesday, Marketbeat Ratings reports.

A number of other equities analysts have also commented on the company. Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Craig Hallum lowered their target price on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Finally, Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Axcelis Technologies has a consensus rating of “Hold” and an average price target of $154.00.

Axcelis Technologies Trading Up 1.4 %

Axcelis Technologies stock opened at $60.14 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. The firm’s 50 day moving average price is $70.94 and its 200-day moving average price is $88.00. Axcelis Technologies has a 1 year low of $56.32 and a 1 year high of $158.61. The stock has a market cap of $1.96 billion, a P/E ratio of 8.90, a PEG ratio of 2.39 and a beta of 1.52.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (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%. On average, equities analysts predict that Axcelis Technologies will post 5.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axcelis Technologies

Several institutional investors have recently modified their holdings of ACLS. Landscape Capital Management L.L.C. increased its position in shares of Axcelis Technologies by 29.7% during the 4th quarter. Landscape Capital Management L.L.C. now owns 7,075 shares of the semiconductor company’s stock valued at $494,000 after purchasing an additional 1,621 shares during the last quarter. Bryce Point Capital LLC purchased a new position in Axcelis Technologies during the fourth quarter worth $467,000. Massachusetts Financial Services Co. MA boosted its stake in Axcelis Technologies by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 233,008 shares of the semiconductor company’s stock worth $16,280,000 after buying an additional 1,140 shares during the period. Trexquant Investment LP increased its position in Axcelis Technologies by 60.0% during the fourth quarter. Trexquant Investment LP now owns 69,894 shares of the semiconductor company’s stock valued at $4,883,000 after acquiring an additional 26,219 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Axcelis Technologies in the fourth quarter valued at $156,000. 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.