Assenagon Asset Management S.A. Grows Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Assenagon Asset Management S.A. increased its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 127.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,555 shares of the semiconductor company's stock after buying an additional 30,609 shares during the quarter. Assenagon Asset Management S.A. owned about 0.17% of Axcelis Technologies worth $5,720,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ACLS. Moody Aldrich Partners LLC grew its stake in shares of Axcelis Technologies by 14.0% in the 3rd quarter. Moody Aldrich Partners LLC now owns 26,874 shares of the semiconductor company's stock valued at $2,818,000 after buying an additional 3,292 shares during the period. Guidance Capital Inc. grew its position in Axcelis Technologies by 11.1% in the third quarter. Guidance Capital Inc. now owns 4,242 shares of the semiconductor company's stock worth $445,000 after acquiring an additional 423 shares during the period. Net Worth Advisory Group acquired a new stake in Axcelis Technologies during the third quarter worth $355,000. Teamwork Financial Advisors LLC purchased a new stake in Axcelis Technologies in the third quarter valued at $262,000. Finally, CFM Wealth Partners LLC lifted its stake in shares of Axcelis Technologies by 0.7% in the 3rd quarter. CFM Wealth Partners LLC now owns 26,263 shares of the semiconductor company's stock valued at $2,929,000 after purchasing an additional 186 shares during the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity 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 value of $669,338.28. Following the transaction, the director now directly owns 5,891 shares in the company, valued at approximately $647,892.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.43% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ACLS has been the topic of several research analyst reports. Bank of America boosted their price objective on shares of Axcelis Technologies from $125.00 to $150.00 and gave the company a "neutral" rating in a report on Wednesday, July 10th. Benchmark decreased their price objective on shares of Axcelis Technologies from $180.00 to $175.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Craig Hallum lifted their target price 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. B. Riley decreased their price target 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. Finally, Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.33.

Axcelis Technologies Stock Performance

Shares of ACLS traded down $1.94 during midday trading on Wednesday, reaching $90.15. 440,383 shares of the stock were exchanged, compared to its average volume of 626,637. Axcelis Technologies, Inc. has a twelve month low of $88.31 and a twelve month high of $158.61. 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 capitalization of $2.93 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 3.02 and a beta of 1.58. The business's 50-day moving average price is $100.83 and its 200 day moving average price is $114.09.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.37 by $0.18. The company 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 firm's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 earnings per share. On average, sell-side analysts expect that Axcelis Technologies, Inc. will post 6.05 EPS for the current fiscal year.

About Axcelis Technologies

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.