State of Tennessee Treasury Department purchased a new stake in shares of Axcelis Technologies (NASDAQ:ACLS) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 24,575 shares of the semiconductor company’s stock, valued at approximately $705,000. State of Tennessee Treasury Department owned about 0.08% of Axcelis Technologies as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of Axcelis Technologies by 391.3% in the 2nd 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 during the period. Advisor Group Inc. lifted its holdings in shares of Axcelis Technologies by 143.7% in the 3rd 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 during the period. State of Alaska Department of Revenue acquired a new position in shares of Axcelis Technologies in the 4th quarter valued at about $178,000. Jane Street Group LLC acquired a new position in Axcelis Technologies in the 3rd quarter worth about $201,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in Axcelis Technologies in the 3rd quarter worth about $230,000. Institutional investors and hedge funds own 89.08% of the company’s stock.
Shares of Axcelis Technologies stock traded down $0.47 during mid-day trading on Friday, reaching $23.05. 225,815 shares of the stock traded hands, compared to its average volume of 406,893. Axcelis Technologies has a fifty-two week low of $17.65 and a fifty-two week high of $37.05. The stock has a market capitalization of $755.96, a P/E ratio of 15.57, a PEG ratio of 0.88 and a beta of 1.02.
Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The business had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $109.76 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The business’s revenue was up 67.7% compared to the same quarter last year. equities analysts forecast that Axcelis Technologies will post 1.34 EPS for the current fiscal year.
A number of equities analysts recently weighed in on ACLS shares. Stifel Nicolaus raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Monday, January 22nd. Zacks Investment Research cut Axcelis Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, February 9th. BidaskClub cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Benchmark reaffirmed a “buy” rating and issued a $33.00 price target (down previously from $36.00) on shares of Axcelis Technologies in a report on Thursday, January 18th. Two 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. The company presently has a consensus rating of “Hold” and an average target price of $32.50.
In other news, Director Joseph P. Keithley sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $26.75, for a total value of $107,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Douglas A. Lawson sold 3,478 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $26.52, for a total value of $92,236.56. The disclosure for this sale can be found here. 5.66% of the stock is owned by corporate insiders.
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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 worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides dry strip equipment, curing systems, and thermal processing systems.
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