Price Action Alert: Will Axcelis Technologies Inc Run Out of Steam Soon?

Price Action Alert: Will Axcelis Technologies Inc Run Out of Steam Soon?

The stock of Axcelis Technologies Inc (NASDAQ:ACLS) hit a new 52-week high and has $24.01 target or 74.00% above today’s $13.80 share price. The 6 months bullish chart indicates low risk for the $403.29 million company. The 1-year high was reported on Oct, 3 by If the $24.01 price target is reached, the company will be worth $298.43M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 110,142 shares traded hands. Axcelis Technologies Inc (NASDAQ:ACLS) has risen 32.80% since February 29, 2016 and is uptrending. It has outperformed by 20.58% the S&P500.

Analysts await Axcelis Technologies Inc (NASDAQ:ACLS) to report earnings on November, 2. They expect $0.04 earnings per share, down 80.00% or $0.16 from last year’s $0.2 per share. ACLS’s profit will be $1.17 million for 86.25 P/E if the $0.04 EPS becomes a reality. After $0.10 actual earnings per share reported by Axcelis Technologies Inc for the previous quarter, Wall Street now forecasts -60.00% negative EPS growth.

Axcelis Technologies Inc (NASDAQ:ACLS) Ratings Coverage

Out of 2 analysts covering Axcelis Technologies (NASDAQ:ACLS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Axcelis Technologies has been the topic of 3 analyst reports since August 8, 2015 according to StockzIntelligence Inc. [Broker1] [Action1] the stock on [Date1] ^with/to1^ [Rating1] rating. [Broker2] [Action2] it ^with/to2^ [Rating2] rating and [Target2] target price in [Date2] report. [Broker3] [Action3] the shares of ACLS in a report on [Date3] ^with/to3^ [Rating3] rating. [Broker4] [Action4] the firm’s rating on [Date4]. [Broker4] has [Rating4] rating and [Target4] price target. Lastly, [Broker5] [Action5] the stock ^with/to5^ [Rating5] rating in [Date5] report. As per Saturday, August 8, the company rating was upgraded by TheStreet. The stock has “Hold” rating given by TheStreet on Tuesday, September 22. The rating was maintained by Benchmark on Thursday, November 5 with “Buy”.

According to Zacks Investment Research, “Axcelis Technologies is a leading producer of ion implantation equipment used in the fabrication of semiconductors. The company also produces dry strip, photostabilization and rapid thermal processing equipment, which is used in semiconductor manufacturing primarily before and after the ion implantation process. In addition, the company provides extensive aftermarket service and support, including spare parts, equipment upgrades, maintenance services and customer training.”

Insitutional Activity: The institutional sentiment decreased to 0.55 in Q2 2016. Its down 0.54, from 1.09 in 2016Q1. The ratio dived, as 34 funds sold all Axcelis Technologies Inc shares owned while 24 reduced positions. 5 funds bought stakes while 27 increased positions. They now own 43.44 million shares or 46.93% less from 81.85 million shares in 2016Q1.
Finemark Savings Bank And Tru, a Florida-based fund reported 707 shares. American Intll Gru Inc, a New York-based fund reported 67,115 shares. Morgan Stanley accumulated 703 shares or 0% of the stock. Keybank National Association Oh, a Ohio-based fund reported 132,581 shares. Renaissance Ltd Limited Liability Company last reported 462,600 shares in the company. Barclays Plc accumulated 0% or 22,000 shares. Secor Advisors L P holds 0.21% or 154,381 shares in its portfolio. Geode Ltd Co holds 0% or 787,647 shares in its portfolio. Blackrock Invest Mgmt Llc last reported 0% of its portfolio in the stock. Symphony Asset Ltd Company holds 0.03% or 105,572 shares in its portfolio. Moreover, Jbf Capital has 0% invested in Axcelis Technologies Inc (NASDAQ:ACLS) for 13,516 shares. Carroll Financial Assoc holds 0% of its portfolio in Axcelis Technologies Inc (NASDAQ:ACLS) for 342 shares. Price T Rowe Assoc Md has 0% invested in the company for 62,214 shares. Moreover, Principal Group has 0% invested in Axcelis Technologies Inc (NASDAQ:ACLS) for 21,212 shares. Menta Limited Company reported 45,838 shares or 0.02% of all its holdings.

Insider Transactions: Since May 6, 2016, the stock had 3 insider purchases, and 1 sale for $227,528 net activity. BREWER KEVIN J bought $12,250 worth of stock or 5,000 shares. Lawson Douglas A. bought 5,000 shares worth $12,500. 25,750 shares were sold by Bintz William J, worth $308,485. Another trade for 5,000 shares valued at $56,207 was made by George Arthur L Jr on Friday, August 5.

More notable recent Axcelis Technologies Inc (NASDAQ:ACLS) news were published by: which released: “Axcelis Technologies Inc. Stock Plunges on Weak Outlook” on November 05, 2015, also with their article: “Axcelis Announces Completion Of Reverse Stock Split” published on July 01, 2016, published: “Why Shares of Axcelis Technologies Inc. Surged on Tuesday” on September 29, 2015. More interesting news about Axcelis Technologies Inc (NASDAQ:ACLS) were released by: and their article: “News Axcelis Technologies Inc.ACLS” published on February 11, 2011 as well as‘s news article titled: “Axcelis Announces Approval And Timing Of Reverse Stock Split” with publication date: May 19, 2016.

ACLS Company Profile

Axcelis Technologies, Inc. (Axcelis), incorporated on December 21, 1995, designs, makes and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Firm operates through the manufacture of capital equipment for the semiconductor manufacturing industry segment. The Firm sells its equipment to semiconductor chip manufacturers across the world. In addition to equipment, it provides aftermarket lifecycle services and products, including used tools, spare parts, equipment upgrades, maintenance services and customer training. The Firm offers a line of high energy, high current and medium current implanters for various application requirements. The Company’s other products include legacy dry strip equipment, curing systems and thermal processing systems.

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