BlackRock Inc. grew its stake in shares of Axcelis Technologies Inc (NASDAQ:ACLS) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,083,709 shares of the semiconductor company’s stock after buying an additional 168,711 shares during the quarter. BlackRock Inc. owned about 12.70% of Axcelis Technologies worth $100,459,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in shares of Axcelis Technologies by 138.9% during the 4th quarter. Bank of New York Mellon Corp now owns 414,222 shares of the semiconductor company’s stock worth $11,888,000 after buying an additional 240,807 shares in the last quarter. Northern Trust Corp raised its position in shares of Axcelis Technologies by 1.9% during the 1st quarter. Northern Trust Corp now owns 385,403 shares of the semiconductor company’s stock worth $9,481,000 after buying an additional 7,081 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Axcelis Technologies by 87.4% during the 4th quarter. Two Sigma Advisers LP now owns 349,249 shares of the semiconductor company’s stock worth $10,023,000 after buying an additional 162,899 shares in the last quarter. Bogle Investment Management L P DE bought a new stake in shares of Axcelis Technologies during the 4th quarter worth about $9,523,000. Finally, Geode Capital Management LLC raised its position in shares of Axcelis Technologies by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 276,398 shares of the semiconductor company’s stock worth $7,932,000 after buying an additional 16,851 shares in the last quarter. Institutional investors own 86.43% of the company’s stock.
Axcelis Technologies opened at $19.80 on Friday, according to Marketbeat. Axcelis Technologies Inc has a 12 month low of $18.60 and a 12 month high of $37.05. The company has a market capitalization of $641.30 million, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 0.71 and a beta of 0.97.
Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Wednesday, May 2nd. The semiconductor company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Axcelis Technologies had a return on equity of 17.71% and a net margin of 29.46%. The business had revenue of $122.20 million during the quarter, compared to the consensus estimate of $118.08 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. analysts predict that Axcelis Technologies Inc will post 1.4 earnings per share for the current fiscal year.
In related news, EVP Douglas A. Lawson sold 6,107 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $21.72, for a total value of $132,644.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.31% of the stock is owned by insiders.
ACLS has been the topic of a number of recent analyst reports. Northland Securities initiated coverage on shares of Axcelis Technologies in a research report on Wednesday, June 20th. They set an “outperform” rating and a $28.00 price target on the stock. ValuEngine downgraded shares of Axcelis Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, June 8th. BidaskClub upgraded shares of Axcelis Technologies from a “sell” rating to a “hold” rating in a report on Friday, March 23rd. Finally, Zacks Investment Research upgraded shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Axcelis Technologies currently has an average rating of “Buy” and a consensus target price of $30.67.
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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