Crossmark Global Holdings Inc. bought a new stake in Axcelis Technologies Inc (NASDAQ:ACLS) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 17,550 shares of the semiconductor company’s stock, valued at approximately $504,000. Crossmark Global Holdings Inc. owned approximately 0.06% of Axcelis Technologies at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACLS. Peregrine Capital Management LLC grew its position in Axcelis Technologies by 45.0% in the 3rd quarter. Peregrine Capital Management LLC now owns 830,397 shares of the semiconductor company’s stock valued at $22,711,000 after acquiring an additional 257,541 shares in the last quarter. SG Capital Management LLC acquired a new position in Axcelis Technologies in the 3rd quarter valued at about $6,192,000. Allianz Asset Management GmbH acquired a new position in Axcelis Technologies in the 3rd quarter valued at about $2,538,000. Schwab Charles Investment Management Inc. grew its position in Axcelis Technologies by 146.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 153,103 shares of the semiconductor company’s stock valued at $4,188,000 after acquiring an additional 91,003 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Axcelis Technologies in the 4th quarter valued at about $2,562,000. 84.92% of the stock is owned by institutional investors.
Axcelis Technologies Inc (NASDAQ:ACLS) opened at $25.05 on Wednesday. The stock has a market capitalization of $788.38, a PE ratio of 16.74, a PEG ratio of 0.92 and a beta of 1.01. Axcelis Technologies Inc has a 52 week low of $14.60 and a 52 week high of $37.05.
Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.08. The business had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $109.76 million. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The business’s quarterly revenue was up 67.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. analysts expect that Axcelis Technologies Inc will post 1.34 earnings per share for the current year.
Several research firms have weighed in on ACLS. Needham & Company LLC dropped their target price on Axcelis Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Thursday, November 2nd. Stifel Nicolaus upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday, January 22nd. Craig Hallum cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, B. Riley reiterated a “buy” rating and issued a $39.00 price objective on shares of Axcelis Technologies in a research note on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $32.50.
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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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