Zurcher Kantonalbank Zurich Cantonalbank Has $1.47 Million Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,339 shares of the semiconductor company’s stock after acquiring an additional 321 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Axcelis Technologies were worth $1,471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ronald Blue Trust Inc. increased its stake in shares of Axcelis Technologies by 74.7% in the third quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 65 shares during the period. Arizona State Retirement System increased its stake in shares of Axcelis Technologies by 1.3% in the third quarter. Arizona State Retirement System now owns 9,313 shares of the semiconductor company’s stock valued at $1,518,000 after buying an additional 121 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Axcelis Technologies by 10.4% in the third quarter. Sequoia Financial Advisors LLC now owns 1,316 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 124 shares during the period. Blue Trust Inc. increased its stake in shares of Axcelis Technologies by 100.7% in the fourth quarter. Blue Trust Inc. now owns 305 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 153 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of Axcelis Technologies in the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ACLS shares. B. Riley Financial lowered their price objective on 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 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

Insiders Place Their Bets

In other Axcelis Technologies news, EVP Douglas A. Lawson purchased 500 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average cost of $111.04 per share, for a total transaction of $55,520.00. Following the acquisition, the executive vice president now owns 19,648 shares of the company’s stock, valued at $2,181,713.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.43% of the company’s stock.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $100.00 on Friday. The business’s 50 day simple moving average is $108.69 and its 200 day simple moving average is $123.94. Axcelis Technologies, Inc. has a one year low of $93.77 and a one year high of $201.00. The stock has a market capitalization of $3.26 billion, a PE ratio of 13.46, a PEG ratio of 1.04 and a beta of 1.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.79 and a quick ratio of 2.71.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Thursday, February 8th. The semiconductor company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.98 by $0.17. The business had revenue of $310.29 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 earnings per share. As a group, research analysts forecast that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current year.

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.