Swiss National Bank purchased a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,100 shares of the semiconductor company’s stock, valued at approximately $1,029,000. Swiss National Bank owned approximately 0.16% of Axcelis Technologies at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. FNY Partners Fund LP purchased a new stake in Axcelis Technologies in the first quarter valued at approximately $107,000. Creative Planning raised its stake in Axcelis Technologies by 22,400.0% in the second quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 5,600 shares in the last quarter. American International Group Inc. raised its stake in Axcelis Technologies by 7.1% in the first quarter. American International Group Inc. now owns 17,943 shares of the semiconductor company’s stock valued at $337,000 after purchasing an additional 1,184 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in Axcelis Technologies in the first quarter valued at approximately $382,000. Finally, Bank of America Corp DE raised its stake in Axcelis Technologies by 32.2% in the first quarter. Bank of America Corp DE now owns 22,691 shares of the semiconductor company’s stock valued at $427,000 after purchasing an additional 5,527 shares in the last quarter. 75.34% of the stock is currently owned by hedge funds and other institutional investors.
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A number of equities research analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $30.00 target price on shares of Axcelis Technologies in a research note on Wednesday, August 9th. ValuEngine downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub downgraded shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, Benchmark Co. reaffirmed a “buy” rating and issued a $28.00 target price (up from $24.00) on shares of Axcelis Technologies in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.67.
Axcelis Technologies, Inc. (NASDAQ ACLS) opened at 31.15 on Tuesday. Axcelis Technologies, Inc. has a 12 month low of $11.05 and a 12 month high of $31.40. The company has a market capitalization of $972.60 million, a PE ratio of 33.42 and a beta of 1.14. The firm’s 50-day moving average is $24.74 and its 200-day moving average is $22.09.
Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). The firm had revenue of $102.80 million for the quarter, compared to analysts’ expectations of $100.07 million. Axcelis Technologies had a return on equity of 12.52% and a net margin of 9.10%. The firm’s revenue was up 59.4% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. Equities analysts anticipate that Axcelis Technologies, Inc. will post $1.26 EPS for the current fiscal year.
In other news, EVP Douglas A. Lawson sold 14,454 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $21.12, for a total transaction of $305,268.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP William J. Bintz sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $22.57, for a total value of $282,125.00. The disclosure for this sale can be found here. Insiders have sold a total of 106,641 shares of company stock worth $2,347,514 over the last ninety days. Insiders own 5.66% of the company’s stock.
About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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