Stock On Watch: A Reversal for Axcelis Technologies Inc Is Not Near. The Stock Rises Again

Stock On Watch: A Reversal for Axcelis Technologies Inc Is Not Near. The Stock Rises Again

The stock of Axcelis Technologies Inc (NASDAQ:ACLS) is a huge mover today! The stock increased 4.59% or $0.61 during the last trading session, hitting $13.89. About 181,156 shares traded hands or 36.72% up from the average. 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.
The move comes after 8 months positive chart setup for the $405.92M company. It was reported on Oct, 4 by Barchart.com. We have $23.47 PT which if reached, will make NASDAQ:ACLS worth $280.08 million more.

Analysts await Axcelis Technologies Inc (NASDAQ:ACLS) to report earnings on November, 2. They expect $0.04 EPS, down 80.00% or $0.16 from last year’s $0.2 per share. ACLS’s profit will be $1.17M for 86.81 P/E if the $0.04 EPS becomes a reality. After $0.10 actual EPS 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. Benchmark maintained Axcelis Technologies Inc (NASDAQ:ACLS) on Thursday, November 5 with “Buy” rating. The firm has “Hold” rating given on Tuesday, September 22 by TheStreet. As per Saturday, August 8, the company rating was upgraded by TheStreet.

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 is negative, 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.
Symphony Asset Mngmt Limited Com holds 0.03% of its portfolio in Axcelis Technologies Inc (NASDAQ:ACLS) for 105,572 shares. Moreover, Keybank Association Oh has 0% invested in Axcelis Technologies Inc (NASDAQ:ACLS) for 132,581 shares. D E Shaw And Incorporated accumulated 0% or 470,143 shares. Pnc Fincl Group accumulated 0% or 881 shares. Blackrock Fund has 3.00 million shares for 0% of their US portfolio. Invesco Limited has 0% invested in the company for 102,136 shares. Sg Capital Mngmt Ltd reported 3.45M shares or 2.28% of all its holdings. California State Teachers Retirement owns 244,469 shares or 0% of their US portfolio. Carroll Finance holds 0% of its portfolio in Axcelis Technologies Inc (NASDAQ:ACLS) for 342 shares. Bnp Paribas Arbitrage reported 4,509 shares or 0% of all its holdings. Blackrock Institutional Tru Co Na accumulated 0% or 3.33M shares. The Massachusetts-based Jp Marvel Investment Advisors Ltd has invested 0.04% in Axcelis Technologies Inc (NASDAQ:ACLS). Price T Rowe Associates Md holds 62,214 shares or 0% of its portfolio. Wells Fargo And Mn holds 0% of its portfolio in Axcelis Technologies Inc (NASDAQ:ACLS) for 40,781 shares. Blackrock Llc accumulated 492,806 shares or 0% of the stock.

Insider Transactions: Since May 6, 2016, the stock had 3 insider buys, and 1 insider sale for $227,528 net activity. The insider George Arthur L Jr bought $56,207. 25,750 shares with value of $308,485 were sold by Bintz William J on Monday, August 8. $12,250 worth of Axcelis Technologies Inc (NASDAQ:ACLS) was bought by BREWER KEVIN J. Lawson Douglas A. bought $12,500 worth of stock or 5,000 shares.

More notable recent Axcelis Technologies Inc (NASDAQ:ACLS) news were published by: Fool.com which released: “Axcelis Technologies Inc. Stock Plunges on Weak Outlook” on November 05, 2015, also Prnewswire.com with their article: “Axcelis Announces Completion Of Reverse Stock Split” published on July 01, 2016, Fool.com 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: Quotes.Wsj.com and their article: “News Axcelis Technologies Inc.ACLS” published on February 11, 2011 as well as Prnewswire.com‘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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