Fmr LLC Purchases 1,859 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Fmr LLC raised its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 0.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,040,509 shares of the semiconductor company’s stock after buying an additional 1,859 shares during the quarter. Fmr LLC owned about 3.18% of Axcelis Technologies worth $138,648,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. raised its stake in shares of Axcelis Technologies by 27.5% in the fourth quarter. Bessemer Group Inc. now owns 389 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 84 shares during the period. Fifth Third Bancorp raised its stake in shares of 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 during the period. Allworth Financial LP raised its stake in shares of Axcelis Technologies by 24.8% during the 1st quarter. Allworth Financial LP now owns 504 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 100 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of Axcelis Technologies by 0.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 14,795 shares of the semiconductor company’s stock valued at $1,971,000 after purchasing an additional 132 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Axcelis Technologies by 5.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,568 shares of the semiconductor company’s stock valued at $204,000 after purchasing an additional 143 shares during the period. 88.93% of the stock is currently owned by institutional investors.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies news, Director Joseph P. Keithley sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $163.50, for a total transaction of $163,500.00. Following the completion of the transaction, the director now owns 5,657 shares of the company’s stock, valued at approximately $924,919.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Jeanne Quirk sold 900 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $177.41, for a total value of $159,669.00. Following the completion of the transaction, the director now owns 7,782 shares of the company’s stock, valued at approximately $1,380,604.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph P. Keithley sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $163.50, for a total value of $163,500.00. Following the completion of the transaction, the director now directly owns 5,657 shares of the company’s stock, valued at approximately $924,919.50. The disclosure for this sale can be found here. Insiders sold 37,760 shares of company stock worth $6,645,417 in the last ninety days. 1.43% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ACLS. Needham & Company LLC lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Craig Hallum lowered Axcelis Technologies from a “buy” rating to a “hold” rating and boosted their price objective for the company from $140.00 to $175.00 in a research note on Friday, August 4th. B. Riley boosted their price objective on Axcelis Technologies from $165.00 to $225.00 in a research note on Monday, July 17th. B. Riley Financial boosted their target price on Axcelis Technologies from $165.00 to $225.00 in a research report on Monday, July 17th. Finally, StockNews.com began coverage on Axcelis Technologies in a research report on Thursday, August 17th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $182.14.

Axcelis Technologies Price Performance

ACLS opened at $192.90 on Friday. The stock has a 50-day moving average price of $178.35 and a 200-day moving average price of $151.32. Axcelis Technologies, Inc. has a 12-month low of $49.78 and a 12-month high of $201.00. The company has a current ratio of 3.82, a quick ratio of 2.62 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $6.33 billion, a P/E ratio of 31.06 and a beta of 1.71.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.40. The company had revenue of $273.97 million during the quarter, compared to analysts’ expectations of $256.68 million. Axcelis Technologies had a return on equity of 30.29% and a net margin of 20.19%. Axcelis Technologies’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.32 EPS. Equities analysts predict that Axcelis Technologies, Inc. will post 6.99 earnings per share for the current fiscal year.

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.