Paradigm Capital Management Inc. NY Raises Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Paradigm Capital Management Inc. NY raised its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 5.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 349,200 shares of the semiconductor company's stock after acquiring an additional 19,400 shares during the period. Axcelis Technologies makes up approximately 2.3% of Paradigm Capital Management Inc. NY's holdings, making the stock its 13th biggest holding. Paradigm Capital Management Inc. NY owned 1.07% of Axcelis Technologies worth $49,653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ACLS. Xponance Inc. increased its position in Axcelis Technologies by 4.7% during the 2nd quarter. Xponance Inc. now owns 2,061 shares of the semiconductor company's stock valued at $293,000 after buying an additional 92 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of Axcelis Technologies by 6.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,984 shares of the semiconductor company's stock valued at $282,000 after purchasing an additional 114 shares during the last quarter. Public Sector Pension Investment Board grew its position in Axcelis Technologies by 6.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 71,587 shares of the semiconductor company's stock worth $10,179,000 after purchasing an additional 4,593 shares during the last quarter. ProShare Advisors LLC increased its stake in Axcelis Technologies by 4.9% during the 2nd quarter. ProShare Advisors LLC now owns 12,168 shares of the semiconductor company's stock valued at $1,730,000 after purchasing an additional 571 shares in the last quarter. Finally, Profund Advisors LLC lifted its stake in shares of Axcelis Technologies by 3.5% during the second quarter. Profund Advisors LLC now owns 4,003 shares of the semiconductor company's stock worth $569,000 after buying an additional 137 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ACLS shares. DA Davidson boosted their price target on Axcelis Technologies from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, July 15th. B. Riley cut their price objective on shares of Axcelis Technologies from $190.00 to $165.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Craig Hallum upped their price target on shares of Axcelis Technologies from $130.00 to $174.00 and gave the company a "buy" rating in a report on Friday, July 12th. Bank of America boosted their price objective on Axcelis Technologies from $125.00 to $150.00 and gave the company a "neutral" rating in a report on Wednesday, July 10th. Finally, Benchmark dropped their target price on Axcelis Technologies from $180.00 to $175.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $167.33.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of Axcelis Technologies stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total transaction of $669,338.28. Following the sale, the director now owns 5,891 shares of the company's stock, valued at approximately $647,892.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.43% of the company's stock.

Axcelis Technologies Price Performance

ACLS stock traded up $1.01 during mid-day trading on Tuesday, reaching $103.55. 445,363 shares of the company's stock were exchanged, compared to its average volume of 635,907. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.42 and a quick ratio of 3.26. Axcelis Technologies, Inc. has a 12-month low of $93.77 and a 12-month high of $170.97. The stock's 50 day moving average is $112.25 and its 200 day moving average is $116.20. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 3.06 and a beta of 1.58.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.18. The firm had revenue of $256.51 million for the quarter, compared to analysts' expectations of $250.06 million. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The firm's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.86 EPS. On average, research analysts expect that Axcelis Technologies, Inc. will post 6.05 EPS for the current year.

Axcelis Technologies 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.