Private Trust Co. NA Increases Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Private Trust Co. NA increased its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 627.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 313 shares of the semiconductor company’s stock after purchasing an additional 270 shares during the period. Private Trust Co. NA’s holdings in Axcelis Technologies were worth $41,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ronald Blue Trust Inc. lifted its position in Axcelis Technologies by 74.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 65 shares during the period. Bessemer Group Inc. lifted its position in Axcelis Technologies by 27.5% during the 4th quarter. Bessemer Group Inc. now owns 389 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 84 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Axcelis Technologies by 2.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,140 shares of the semiconductor company’s stock worth $418,000 after acquiring an additional 84 shares during the period. Ensign Peak Advisors Inc lifted its position in Axcelis Technologies by 1.0% during the 1st quarter. Ensign Peak Advisors Inc now owns 10,540 shares of the semiconductor company’s stock worth $1,404,000 after acquiring an additional 100 shares during the period. Finally, Arizona State Retirement System lifted its position in Axcelis Technologies by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 9,313 shares of the semiconductor company’s stock worth $1,518,000 after acquiring an additional 121 shares during the period. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Axcelis Technologies

In related news, EVP Douglas A. Lawson purchased 500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $111.04 per share, with a total value of $55,520.00. Following the acquisition, the executive vice president now owns 19,648 shares in the company, valued at $2,181,713.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ACLS has been the subject of a number of research reports. B. Riley Financial lowered their price target on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Bank of America cut Axcelis Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, December 15th. Finally, B. Riley lowered their price target on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $189.00.

Axcelis Technologies Trading Up 2.8 %

Shares of Axcelis Technologies stock opened at $108.12 on Friday. Axcelis Technologies, Inc. has a fifty-two week low of $103.25 and a fifty-two week high of $201.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.71 and a current ratio of 3.79. The company has a market cap of $3.52 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 2.23 and a beta of 1.63. The firm has a 50-day simple moving average of $114.14 and a two-hundred day simple moving average of $128.22.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.17. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The company had revenue of $310.29 million during the quarter, compared to analysts’ expectations of $297.92 million. During the same quarter in the prior year, the firm posted $1.71 EPS. Axcelis Technologies’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts predict that Axcelis Technologies, Inc. will post 6.88 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.