Axcelis Technologies, Inc. (NASDAQ:ACLS) was downgraded by equities research analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research report issued on Friday, November 3rd, The Fly reports.
Several other research analysts also recently weighed in on ACLS. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, July 14th. B. Riley restated a “buy” rating and set a $30.00 target price on shares of Axcelis Technologies in a research note on Friday, August 4th. BidaskClub downgraded Axcelis Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Benchmark Co. reaffirmed a “buy” rating and set a $28.00 price target (up previously from $24.00) on shares of Axcelis Technologies in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $31.33.
Shares of Axcelis Technologies (NASDAQ:ACLS) traded up $1.00 during mid-day trading on Friday, reaching $34.80. The company had a trading volume of 638,200 shares, compared to its average volume of 425,317. Axcelis Technologies has a 1 year low of $12.65 and a 1 year high of $36.20. The stock has a market cap of $1,090.00, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 1.21 and a beta of 1.10.
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In related news, EVP John E. Aldeborgh sold 87,500 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $33.22, for a total value of $2,906,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin J. Brewer sold 62,348 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $22.46, for a total value of $1,400,336.08. The disclosure for this sale can be found here. In the last three months, insiders sold 235,937 shares of company stock valued at $6,800,745. Insiders own 5.66% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACLS. Royal Bank of Canada raised its holdings in Axcelis Technologies by 391.3% in the 2nd quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 3,913 shares during the period. Advisor Group Inc. raised its holdings in Axcelis Technologies by 143.7% in the 3rd quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 2,350 shares during the period. Creative Planning raised its holdings in Axcelis Technologies by 22,400.0% in the 2nd quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 5,600 shares during the period. Jane Street Group LLC acquired a new position in Axcelis Technologies in the 3rd quarter worth about $201,000. Finally, J.P. Marvel Investment Advisors LLC acquired a new position in Axcelis Technologies in the 2nd quarter worth about $220,000. 73.55% 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. 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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