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

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

Other analysts also recently issued research reports about the stock. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Craig Hallum decreased their price objective on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, Benchmark downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $154.00.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $59.30 on Wednesday. The firm has a 50-day moving average of $71.28 and a 200-day moving average of $88.45. The company has a market cap of $1.93 billion, a P/E ratio of 8.77, a P/E/G ratio of 2.39 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. Axcelis Technologies has a one year low of $57.68 and a one year high of $158.61.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts forecast that Axcelis Technologies will post 5.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Axcelis Technologies

Several large investors have recently modified their holdings of ACLS. Truist Financial Corp purchased a new position in shares of Axcelis Technologies in the second quarter worth about $673,000. Sanctuary Advisors LLC bought a new position in shares of Axcelis Technologies in the second quarter valued at approximately $447,000. CWM LLC boosted its position in shares of Axcelis Technologies by 17.7% in the third quarter. CWM LLC now owns 1,772 shares of the semiconductor company’s stock valued at $186,000 after acquiring an additional 266 shares during the period. Creative Planning boosted its position in shares of Axcelis Technologies by 15.6% in the third quarter. Creative Planning now owns 35,681 shares of the semiconductor company’s stock valued at $3,741,000 after acquiring an additional 4,820 shares during the period. Finally, CFM Wealth Partners LLC boosted its position in shares of Axcelis Technologies by 0.7% in the third quarter. CFM Wealth Partners LLC now owns 26,263 shares of the semiconductor company’s stock valued at $2,929,000 after acquiring an additional 186 shares during the period. Hedge funds and other 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.