Worth Watching: Axcelis Technologies Inc Stock Is An 52-Week High Flier

Worth Watching: Axcelis Technologies Inc Stock Is An 52 Week High Flier

The stock of Axcelis Technologies Inc (NASDAQ:ACLS) hit a new 52-week high and has $37.59 target or 173.00% above today’s $13.77 share price. The 5 months bullish chart indicates low risk for the $417.84 million company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $37.59 price target is reached, the company will be worth $722.86 million 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 36,092 shares traded hands. Axcelis Technologies Inc (NASDAQ:ACLS) has risen 26.79% since March 31, 2016 and is uptrending. It has outperformed by 24.26% the S&P500.

Axcelis Technologies Inc (NASDAQ:ACLS) Ratings Coverage

Out of 3 analysts covering Axcelis Technologies (NASDAQ:ACLS), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $17 is the highest target while $4 is the lowest. The $10.50 average target is -23.75% below today’s ($13.77) stock price. Axcelis Technologies has been the topic of 4 analyst reports since August 8, 2015 according to StockzIntelligence Inc. The rating was downgraded by TheStreet to “Hold” on Tuesday, September 22. TheStreet upgraded Axcelis Technologies Inc (NASDAQ:ACLS) on Saturday, August 8 to “Hold” rating. The firm has “Buy” rating by Needham given on Wednesday, October 5. Benchmark maintained Axcelis Technologies Inc (NASDAQ:ACLS) rating on Thursday, November 5. Benchmark has “Buy” rating and $4 price target.

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 2016 Q2. 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.
Northern Corp last reported 0% of its portfolio in the stock. Employees Retirement Sys Of Texas has 0.03% invested in the company for 815,000 shares. Moreover, Primecap Mgmt Ca has 0.04% invested in Axcelis Technologies Inc (NASDAQ:ACLS) for 13.87M shares. Ftb Advisors Inc holds 0% of its portfolio in Axcelis Technologies Inc (NASDAQ:ACLS) for 66 shares. The Texas-based Dimensional Fund Advsrs Lp has invested 0% in Axcelis Technologies Inc (NASDAQ:ACLS). Stifel Fincl owns 14,088 shares or 0% of their US portfolio. Nationwide Fund Advsrs last reported 0% of its portfolio in the stock. Blackrock Institutional Com Na reported 3.33 million shares or 0% of all its holdings. Barclays Public Ltd Com accumulated 0% or 22,000 shares. Jbf Capital Inc holds 0% or 13,516 shares in its portfolio. Kbc Nv, a Belgium-based fund reported 78,372 shares. Ladenburg Thalmann Finance Services Inc holds 0% or 2,122 shares in its portfolio. Guggenheim Capital Ltd Liability holds 0% or 47,145 shares in its portfolio. Deutsche Financial Bank Ag has invested 0% of its portfolio in Axcelis Technologies Inc (NASDAQ:ACLS). Mizuho Trust And Com holds 615,779 shares or 0.01% of its portfolio.

Insider Transactions: Since May 6, 2016, the stock had 2 insider purchases, and 1 insider sale for $239,778 net activity. 5,000 shares were bought by Lawson Douglas A., worth $12,500 on Monday, May 9. 5,000 shares were bought by BREWER KEVIN J, worth $12,250 on Friday, May 6. Bintz William J sold $308,485 worth of Axcelis Technologies Inc (NASDAQ:ACLS) on Monday, August 8. The insider George Arthur L Jr bought 5,000 shares worth $56,207.

More important recent Axcelis Technologies Inc (NASDAQ:ACLS) news were published by: Prnewswire.com which released: “Axcelis Appoints Dr. Russell Low New Executive Vice President Of Engineering” on October 31, 2016, also Fool.com published article titled: “Axcelis Technologies Inc. Stock Plunges on Weak Outlook”, Prnewswire.com published: “Axcelis To Present At The Credit Suisse 7th Annual Small & Mid Cap Conference” on August 18, 2016. More interesting news about Axcelis Technologies Inc (NASDAQ:ACLS) was released by: Fool.com and their article: “Why Shares of Axcelis Technologies Inc. Surged on Tuesday” with publication date: September 29, 2015.

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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