Texas Permanent School Fund acquired a new stake in shares of Axcelis Technologies Inc (NASDAQ:ACLS) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 21,234 shares of the semiconductor company’s stock, valued at approximately $609,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ACLS. Advisor Group Inc. lifted its stake in Axcelis Technologies by 143.7% in the third quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 2,350 shares in the last quarter. Royal Bank of Canada lifted its stake in Axcelis Technologies by 391.3% in the second quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock valued at $103,000 after buying an additional 3,913 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Axcelis Technologies in the fourth quarter valued at approximately $178,000. Jane Street Group LLC bought a new position in Axcelis Technologies in the third quarter valued at approximately $201,000. Finally, Teachers Retirement System of The State of Kentucky bought a new position in Axcelis Technologies in the third quarter valued at approximately $230,000. Hedge funds and other institutional investors own 84.92% of the company’s stock.
Shares of Axcelis Technologies Inc (ACLS) opened at $24.60 on Monday. The company has a market cap of $788.38, a price-to-earnings ratio of 16.74, a PEG ratio of 0.92 and a beta of 1.01. Axcelis Technologies Inc has a 1 year low of $14.60 and a 1 year high of $37.05.
Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.08. The business had revenue of $116.40 million for the quarter, compared to analyst estimates of $109.76 million. Axcelis Technologies had a net margin of 30.92% and a return on equity of 18.64%. The firm’s revenue for the quarter was up 67.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. equities analysts anticipate that Axcelis Technologies Inc will post 1.34 earnings per share for the current fiscal year.
ACLS has been the topic of a number of research reports. ValuEngine raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Benchmark reaffirmed a “buy” rating and issued a $33.00 price target (down previously from $36.00) on shares of Axcelis Technologies in a research note on Thursday, January 18th. Stifel Nicolaus raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Monday, January 22nd. Finally, Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Axcelis Technologies has an average rating of “Hold” and an average price target of $32.50.
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Axcelis Technologies Profile
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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