ClariVest Asset Management LLC Takes Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

ClariVest Asset Management LLC purchased a new stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLSGet Rating) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 64,062 shares of the semiconductor company’s stock, valued at approximately $4,777,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Diversified Trust Co grew its stake in Axcelis Technologies by 4.6% in the fourth quarter. Diversified Trust Co now owns 4,479 shares of the semiconductor company’s stock valued at $334,000 after purchasing an additional 196 shares during the last quarter. Maryland Capital Management lifted its holdings in shares of Axcelis Technologies by 3.5% during the third quarter. Maryland Capital Management now owns 5,982 shares of the semiconductor company’s stock worth $281,000 after purchasing an additional 205 shares during the period. Juncture Wealth Strategies LLC lifted its holdings in shares of Axcelis Technologies by 1.6% during the fourth quarter. Juncture Wealth Strategies LLC now owns 24,245 shares of the semiconductor company’s stock worth $1,808,000 after purchasing an additional 391 shares during the period. Virginia Retirement Systems ET AL lifted its holdings in shares of Axcelis Technologies by 2.5% during the fourth quarter. Virginia Retirement Systems ET AL now owns 20,700 shares of the semiconductor company’s stock worth $1,543,000 after purchasing an additional 500 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Axcelis Technologies by 12.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 6,602 shares of the semiconductor company’s stock worth $492,000 after purchasing an additional 719 shares during the period. Institutional investors own 83.38% of the company’s stock.

Shares of Axcelis Technologies stock traded up $1.94 on Wednesday, reaching $56.10. The company’s stock had a trading volume of 5,365 shares, compared to its average volume of 494,284. The company has a market capitalization of $1.85 billion, a P/E ratio of 14.92 and a beta of 1.67. Axcelis Technologies, Inc. has a 52-week low of $33.36 and a 52-week high of $83.74. The stock has a 50-day moving average price of $62.97 and a 200-day moving average price of $64.74. The company has a quick ratio of 3.02, a current ratio of 4.40 and a debt-to-equity ratio of 0.08.

Axcelis Technologies (NASDAQ:ACLSGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.30. The business had revenue of $203.60 million during the quarter, compared to analysts’ expectations of $193.12 million. Axcelis Technologies had a return on equity of 23.53% and a net margin of 16.88%. The business’s revenue was up 53.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. Sell-side analysts forecast that Axcelis Technologies, Inc. will post 4.4 earnings per share for the current fiscal year.

A number of research firms recently commented on ACLS. StockNews.com downgraded Axcelis Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research raised Axcelis Technologies from a “hold” rating to a “strong-buy” rating and set a $67.00 price target for the company in a report on Monday, May 9th. Finally, B. Riley boosted their price target on Axcelis Technologies from $87.00 to $98.00 in a report on Wednesday, March 30th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Axcelis Technologies has an average rating of “Buy” and an average target price of $77.60.

In related news, CFO Kevin J. Brewer sold 8,636 shares of the business’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $70.89, for a total transaction of $612,206.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary G. Puma sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $69.23, for a total value of $761,530.00. The disclosure for this sale can be found here. Insiders sold 22,636 shares of company stock valued at $1,580,886 over the last 90 days. Company insiders own 2.15% of the company’s stock.

About Axcelis Technologies (Get Rating)

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia. The company offers high energy, high current, and medium current implanters for various application requirements.

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Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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