Blair William & Co. IL Acquires New Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Blair William & Co. IL acquired a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,198 shares of the semiconductor company's stock, valued at approximately $1,023,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ACLS. Norges Bank acquired a new position in Axcelis Technologies in the fourth quarter worth $57,105,000. PNC Financial Services Group Inc. lifted its stake in shares of Axcelis Technologies by 5.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,357 shares of the semiconductor company's stock valued at $435,000 after acquiring an additional 168 shares during the period. UBS Group AG lifted its stake in shares of Axcelis Technologies by 32.8% during the fourth quarter. UBS Group AG now owns 217,759 shares of the semiconductor company's stock valued at $28,241,000 after acquiring an additional 53,838 shares during the period. Quest Partners LLC acquired a new position in shares of Axcelis Technologies during the fourth quarter valued at $195,000. Finally, Assetmark Inc. lifted its stake in shares of Axcelis Technologies by 690.0% during the fourth quarter. Assetmark Inc. now owns 474 shares of the semiconductor company's stock valued at $61,000 after acquiring an additional 414 shares during the period. Institutional investors and hedge funds own 89.98% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ACLS shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. DA Davidson increased their target price on Axcelis Technologies from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, July 15th. Benchmark cut their target price on Axcelis Technologies from $180.00 to $175.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Bank of America increased their target price on Axcelis Technologies from $125.00 to $150.00 and gave the company a "neutral" rating in a research note on Wednesday, July 10th. Finally, B. Riley cut their target price on Axcelis Technologies from $190.00 to $165.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.33.

Axcelis Technologies Stock Down 1.7 %

NASDAQ:ACLS traded down $1.80 on Wednesday, hitting $101.75. 401,979 shares of the company's stock were exchanged, compared to its average volume of 634,646. The firm has a 50-day moving average price of $110.71 and a 200-day moving average price of $116.05. Axcelis Technologies, Inc. has a 52 week low of $93.77 and a 52 week high of $170.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.42 and a quick ratio of 3.26. The company has a market cap of $3.32 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 3.09 and a beta of 1.58.

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

Insider Activity at Axcelis Technologies

In related news, Director Jorge Titinger sold 6,086 shares of the firm's stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total value of $669,338.28. Following the completion of the sale, the director now directly owns 5,891 shares in the company, valued at approximately $647,892.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.43% of the stock is currently owned by company insiders.

Axcelis Technologies Company 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.