Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 13.3% during the 4th quarter, HoldingsChannel reports. The fund owned 26,819 shares of the semiconductor company’s stock after buying an additional 3,141 shares during the period. New York State Teachers Retirement System’s holdings in Axcelis Technologies were worth $3,478,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. raised its holdings in Axcelis Technologies by 102.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 5,093 shares of the semiconductor company’s stock valued at $674,000 after acquiring an additional 2,575 shares in the last quarter. Private Trust Co. NA increased its stake in Axcelis Technologies by 627.9% during the fourth quarter. Private Trust Co. NA now owns 313 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 270 shares during the last quarter. TriaGen Wealth Management LLC increased its stake in Axcelis Technologies by 42.5% during the fourth quarter. TriaGen Wealth Management LLC now owns 3,812 shares of the semiconductor company’s stock valued at $494,000 after purchasing an additional 1,136 shares during the last quarter. Chilton Capital Management LLC bought a new stake in Axcelis Technologies during the fourth quarter valued at $259,000. Finally, Global Retirement Partners LLC increased its stake in Axcelis Technologies by 1,188.0% during the fourth quarter. Global Retirement Partners LLC now owns 322 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 297 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ACLS. B. Riley Financial lowered their target price on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 9th. B. Riley lowered their target price on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $189.00.

Axcelis Technologies Stock Down 3.2 %

ACLS stock opened at $104.61 on Monday. The company has a quick ratio of 2.71, a current ratio of 3.79 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a fifty-two week low of $103.25 and a fifty-two week high of $201.00. The firm’s 50-day simple moving average is $113.15 and its 200 day simple moving average is $127.32. The stock has a market cap of $3.41 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 2.23 and a beta of 1.63.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data 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 net margin of 21.78% and a return on equity of 31.66%. The business had revenue of $310.29 million for the quarter, compared to analysts’ expectations of $297.92 million. During the same quarter last year, the company earned $1.71 EPS. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, sell-side analysts predict that Axcelis Technologies, Inc. will post 6.88 EPS for the current year.

Insider Buying and Selling

In related news, EVP Douglas A. Lawson bought 500 shares of the stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $111.04 per share, with a total value of $55,520.00. Following the purchase, the executive vice president now owns 19,648 shares in the company, valued at $2,181,713.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.43% of the company’s stock.

Axcelis Technologies Company 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.