Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. boosted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 122.5% in the 4th quarter, HoldingsChannel reports. The fund owned 3,106 shares of the semiconductor company’s stock after acquiring an additional 1,710 shares during the period. Koshinski Asset Management Inc.’s holdings in Axcelis Technologies were worth $403,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ronald Blue Trust Inc. lifted its position in shares of 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 purchasing an additional 65 shares during the last quarter. NBC Securities Inc. acquired a new stake in Axcelis Technologies in the third quarter valued at $28,000. Clearstead Advisors LLC purchased a new stake in Axcelis Technologies during the 3rd quarter worth about $33,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Axcelis Technologies during the 3rd quarter worth about $34,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Axcelis Technologies during the 1st quarter worth about $35,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Axcelis Technologies news, EVP Douglas A. Lawson purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the purchase, the executive vice president now directly owns 19,648 shares in the company, valued at $2,181,713.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.43% of the company’s stock.

Axcelis Technologies Stock Down 3.2 %

ACLS opened at $104.61 on Monday. Axcelis Technologies, Inc. has a one year low of $103.25 and a one year 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 stock has a market capitalization of $3.41 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 2.23 and a beta of 1.63. The business’s 50-day simple moving average is $113.15 and its 200-day simple moving average is $127.32.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. B. Riley Financial cut their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. B. Riley cut their price objective on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $189.00.

About Axcelis Technologies

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.