Axcelis Technologies, Inc. (NASDAQ:ACLS) Stock Holdings Lifted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 30.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,759 shares of the semiconductor company’s stock after acquiring an additional 5,506 shares during the period. Mutual of America Capital Management LLC’s holdings in Axcelis Technologies were worth $3,081,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACLS. Ronald Blue Trust Inc. grew its position in Axcelis Technologies by 74.7% during the third quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. NBC Securities Inc. acquired a new stake in Axcelis Technologies in the third quarter valued at approximately $28,000. Money Concepts Capital Corp acquired a new stake in Axcelis Technologies in the fourth quarter valued at approximately $30,000. Bessemer Group Inc. lifted its stake in 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 acquiring an additional 84 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Axcelis Technologies by 42.8% in the third quarter. Public Employees Retirement System of Ohio now owns 527 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 158 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Axcelis Technologies

In related news, EVP Douglas A. Lawson bought 500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of $111.04 per share, with a total value of $55,520.00. Following the completion of the transaction, the executive vice president now owns 19,648 shares of the company’s stock, valued at approximately $2,181,713.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. B. Riley Financial reduced 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 reduced 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $189.00.

Axcelis Technologies Price Performance

Shares of Axcelis Technologies stock opened at $98.25 on Friday. The firm has a fifty day simple moving average of $111.05 and a 200-day simple moving average of $126.13. The company has a current ratio of 3.79, a quick ratio of 2.71 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a 1-year low of $98.04 and a 1-year high of $201.00. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 2.22 and a beta of 1.63.

Axcelis Technologies (NASDAQ:ACLS) last issued 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 during the quarter, compared to analysts’ expectations of $297.92 million. During the same period in the previous year, the company earned $1.71 earnings per share. Axcelis Technologies’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, sell-side analysts expect that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current year.

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.