Harbor Capital Advisors Inc. Purchases 42,779 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Harbor Capital Advisors Inc. raised its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 243.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,328 shares of the semiconductor company's stock after acquiring an additional 42,779 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.19% of Axcelis Technologies worth $6,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Axcelis Technologies by 8.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,409 shares of the semiconductor company's stock worth $5,363,000 after purchasing an additional 3,579 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Axcelis Technologies by 24.6% during the first quarter. BNP Paribas Financial Markets now owns 127,950 shares of the semiconductor company's stock worth $14,269,000 after purchasing an additional 25,228 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Axcelis Technologies by 143.3% during the first quarter. Janney Montgomery Scott LLC now owns 29,006 shares of the semiconductor company's stock worth $3,235,000 after purchasing an additional 17,084 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Axcelis Technologies during the first quarter worth $594,000. Finally, Texas Permanent School Fund Corp boosted its position in shares of Axcelis Technologies by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 28,606 shares of the semiconductor company's stock worth $3,190,000 after purchasing an additional 317 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Jorge Titinger sold 6,086 shares of the business's stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total transaction 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.43% of the company's stock.

Axcelis Technologies Trading Up 0.9 %

Shares of ACLS stock traded up $0.78 during trading hours on Friday, hitting $86.09. 511,596 shares of the company's stock traded hands, compared to its average volume of 574,738. The stock's 50 day simple moving average is $99.27 and its 200 day simple moving average is $113.74. The stock has a market cap of $2.81 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.60. Axcelis Technologies, Inc. has a 12 month low of $85.26 and a 12 month high of $158.61. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. DA Davidson lifted their price target on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday, July 15th. Bank of America upped their target price on shares of Axcelis Technologies from $125.00 to $150.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. Craig Hallum upped their target price on shares of Axcelis Technologies from $130.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, July 12th. Finally, B. Riley reduced their target price on shares of Axcelis Technologies from $190.00 to $165.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Two 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $167.33.

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.