Axcelis Technologies logoSwiss National Bank reduced its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,300 shares of the semiconductor company’s stock after selling 500 shares during the quarter. Swiss National Bank’s holdings in Axcelis Technologies were worth $4,294,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. increased its holdings in Axcelis Technologies by 1.0% in the 1st quarter. BlackRock Inc. now owns 5,059,666 shares of the semiconductor company’s stock valued at $382,156,000 after buying an additional 48,051 shares during the period. Vanguard Group Inc. increased its holdings in Axcelis Technologies by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 2,742,101 shares of the semiconductor company’s stock valued at $207,111,000 after buying an additional 69,185 shares during the period. State Street Corp increased its holdings in Axcelis Technologies by 3.5% in the 1st quarter. State Street Corp now owns 1,084,676 shares of the semiconductor company’s stock valued at $81,926,000 after buying an additional 36,245 shares during the period. Assenagon Asset Management SA increased its holdings in Axcelis Technologies by 122.7% in the 2nd quarter. Assenagon Asset Management SA now owns 732,852 shares of the semiconductor company’s stock valued at $40,190,000 after buying an additional 403,727 shares during the period. Finally, Bank of New York Mellon Corp. increased its holdings in Axcelis Technologies by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 332,749 shares of the semiconductor company’s stock valued at $25,133,000 after buying an additional 2,067 shares during the period. Institutional investors own 84.08% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ACLS. StockNews.com lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 14th. Benchmarks upped their target price on shares of Axcelis Technologies to $87.00 in a report on Tuesday, August 9th. Needham & Company LLC upped their target price on shares of Axcelis Technologies from $70.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 4th. Finally, B. Riley upped their target price on shares of Axcelis Technologies from $80.00 to $95.00 in a report on Friday, August 5th.

Axcelis Technologies Stock Up 0.4 %

Want More Great Investment Ideas?

Shares of NASDAQ ACLS opened at $79.38 on Friday. The firm’s 50-day simple moving average is $63.84 and its 200 day simple moving average is $62.63. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 16.54 and a beta of 1.56. The company has a quick ratio of 2.64, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. Axcelis Technologies, Inc. has a 12-month low of $46.41 and a 12-month high of $83.74.

Axcelis Technologies (NASDAQ:ACLS – Get Rating) last released its earnings results on Thursday, November 3rd. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.08. Axcelis Technologies has a net margin of 18.83% and a return on equity of 28.15%. The company had revenue of $229.20 million for the quarter, compared to the consensus estimate of $224.38 million. During the same period in the prior year, the company posted $0.81 EPS. The company’s revenue was up 29.7% compared to the same quarter last year. On average, research analysts expect that Axcelis Technologies, Inc. will post 4.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, CFO Kevin J. Brewer sold 6,500 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $79.26, for a total transaction of $515,190.00. Following the transaction, the chief financial officer now directly owns 48,286 shares in the company, valued at approximately $3,827,148.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Lynnette C. Fallon sold 3,563 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $79.00, for a total value of $281,477.00. Following the sale, the vice president now directly owns 47,770 shares in the company, valued at approximately $3,773,830. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin J. Brewer sold 6,500 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $79.26, for a total transaction of $515,190.00. Following the completion of the sale, the chief financial officer now owns 48,286 shares in the company, valued at $3,827,148.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,763 shares of company stock worth $1,511,735. Company insiders own 2.15% of the company’s stock.

About Axcelis Technologies

(Get Rating)

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. The company offers high energy, high current, and medium current implanters for various application requirements.

Recommended Stories

Want to see what other hedge funds are holding ACLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating).

Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

Receive News & Ratings for Axcelis Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Axcelis Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

Explore More

Indian IT company plans to hire 6,000 professionals amidst tech layoffs, details here

June 27, 2023 0 Comments 5 tags

By Divyanshi Sharma: The tech industry is going through a rough time at present with layoffs happening at a rapid place at companies. Be it large-scale companies like Facebook, Google

FLEETCOR Technologies to Announce Fourth Quarter and Fiscal Year 2022 Results on February 8, 2023

January 27, 2023 0 Comments 5 tags

FLEETCOR Technologies, Inc. FLT, today announced that the Company will host a conference call to discuss fourth quarter and fiscal year financial results on Wednesday, February 8, 2023 at 5:00

India’s first privately built rocket set for November 15 launch

November 12, 2022 0 Comments 5 tags

India’s first privately developed rocket — Vikram-S — is set for a November 15 launch on a sub-orbital mission with three payloads, Hyderabad-based space startup Skyroot Aerospace has announced. The