US Bancorp DE raised its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report) by 47.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,130 shares of the semiconductor company’s stock after buying an additional 363 shares during the period. US Bancorp DE’s holdings in Axcelis Technologies were worth $151,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Belpointe Asset Management LLC acquired a new stake in Axcelis Technologies in the fourth quarter valued at $25,000. Fifth Third Bancorp raised its stake in Axcelis Technologies by 83.7% in the first quarter. Fifth Third Bancorp now owns 191 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 87 shares in the last quarter. Money Concepts Capital Corp acquired a new stake in Axcelis Technologies in the fourth quarter valued at $30,000. Altshuler Shaham Ltd purchased a new position in shares of Axcelis Technologies during the first quarter worth about $31,000. Finally, Bessemer Group Inc. grew its holdings in shares of Axcelis Technologies by 27.5% during the fourth quarter. Bessemer Group Inc. now owns 389 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 84 shares during the last quarter. 88.93% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Axcelis Technologies
In related news, EVP Douglas A. Lawson sold 375 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $177.45, for a total value of $66,543.75. Following the completion of the sale, the executive vice president now owns 18,342 shares in the company, valued at $3,254,787.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Douglas A. Lawson sold 375 shares of Axcelis Technologies stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $177.45, for a total transaction of $66,543.75. Following the completion of the sale, the executive vice president now directly owns 18,342 shares in the company, valued at approximately $3,254,787.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mary G. Puma sold 11,800 shares of Axcelis Technologies stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $181.80, for a total transaction of $2,145,240.00. Following the sale, the insider now owns 263,058 shares of the company’s stock, valued at $47,823,944.40. The disclosure for this sale can be found here. Insiders sold a total of 37,760 shares of company stock worth $6,645,417 over the last 90 days. Company insiders own 1.43% of the company’s stock.
Axcelis Technologies Price Performance
Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.40. The firm had revenue of $273.97 million during the quarter, compared to the consensus estimate of $256.68 million. Axcelis Technologies had a net margin of 20.19% and a return on equity of 30.29%. The firm’s revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 earnings per share. Research analysts predict that Axcelis Technologies, Inc. will post 6.99 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on ACLS shares. Craig Hallum lowered Axcelis Technologies from a “buy” rating to a “hold” rating and raised their price objective for the stock from $140.00 to $175.00 in a report on Friday, August 4th. Benchmark raised their price objective on Axcelis Technologies from $146.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Needham & Company LLC lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. William Blair initiated coverage on Axcelis Technologies in a report on Monday, June 5th. They set an “outperform” rating on the stock. Finally, B. Riley Financial raised their price target on Axcelis Technologies from $165.00 to $225.00 in a report on Monday, July 17th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Axcelis Technologies has an average rating of “Moderate Buy” and a consensus target price of $182.14.
Axcelis Technologies Profile
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 Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.
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