Federated Hermes Inc. Boosts Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Federated Hermes Inc. increased its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 77.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,615 shares of the semiconductor company’s stock after buying an additional 8,988 shares during the period. Federated Hermes Inc.’s holdings in Axcelis Technologies were worth $2,674,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Invesco Ltd. increased its position in Axcelis Technologies by 17.1% during the 3rd quarter. Invesco Ltd. now owns 970,409 shares of the semiconductor company’s stock valued at $158,225,000 after purchasing an additional 141,372 shares during the period. Ameriprise Financial Inc. increased its position in Axcelis Technologies by 11.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 447,869 shares of the semiconductor company’s stock valued at $73,036,000 after purchasing an additional 47,133 shares during the period. Charles Schwab Investment Management Inc. increased its position in Axcelis Technologies by 32.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 413,478 shares of the semiconductor company’s stock valued at $67,418,000 after purchasing an additional 101,944 shares during the period. Northern Trust Corp increased its position in Axcelis Technologies by 2.0% during the 3rd quarter. Northern Trust Corp now owns 392,377 shares of the semiconductor company’s stock valued at $63,977,000 after purchasing an additional 7,595 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new position in Axcelis Technologies during the 3rd quarter valued at about $40,425,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ACLS. B. Riley cut their target price on shares of 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 Financial cut their target price on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $189.00.

Axcelis Technologies Stock Up 3.1 %

NASDAQ:ACLS opened at $103.06 on Friday. Axcelis Technologies, Inc. has a fifty-two week low of $93.77 and a fifty-two week high of $201.00. The stock has a market capitalization of $3.36 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.07 and a beta of 1.63. 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’s 50-day simple moving average is $108.41 and its 200-day simple moving average is $123.26.

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, beating analysts’ consensus estimates 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 net margin of 21.78% and a return on equity of 31.66%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business earned $1.71 EPS. On average, equities analysts anticipate that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Douglas A. Lawson bought 500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average cost 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 of the company’s stock, valued at $2,181,713.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.43% of the stock is owned by company insiders.

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.