Handelsbanken Fonder AB Boosts Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Handelsbanken Fonder AB grew its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the semiconductor company’s stock after buying an additional 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Axcelis Technologies were worth $908,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ACLS. CWM LLC increased its position in shares of Axcelis Technologies by 20.7% during the fourth quarter. CWM LLC now owns 1,557 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 267 shares in the last quarter. abrdn plc increased its position in shares of Axcelis Technologies by 33.1% during the fourth quarter. abrdn plc now owns 180,175 shares of the semiconductor company’s stock worth $23,367,000 after purchasing an additional 44,855 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Axcelis Technologies by 77.3% during the fourth quarter. Federated Hermes Inc. now owns 20,615 shares of the semiconductor company’s stock worth $2,674,000 after purchasing an additional 8,988 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in shares of Axcelis Technologies during the fourth quarter worth approximately $27,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Axcelis Technologies by 2.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,339 shares of the semiconductor company’s stock worth $1,471,000 after purchasing an additional 321 shares in the last quarter. 89.98% of the stock is currently 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 dated 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 purchase, the executive vice president now directly owns 19,648 shares in the company, valued at approximately $2,181,713.92. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.43% of the company’s stock.

Axcelis Technologies Stock Up 3.1 %

Shares of NASDAQ:ACLS opened at $103.06 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. The business has a fifty day moving average of $108.41 and a two-hundred day moving average of $122.94. The stock has a market cap of $3.36 billion, a P/E ratio of 13.87, a PEG ratio of 1.11 and a beta of 1.63. Axcelis Technologies, Inc. has a 52-week low of $93.77 and a 52-week high of $201.00.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly 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. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The business had revenue of $310.29 million for the quarter, compared to analyst estimates of $297.92 million. During the same quarter in the prior year, the company posted $1.71 EPS. The company’s quarterly revenue was up 16.6% on a year-over-year basis. On average, research analysts expect that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on ACLS shares. B. Riley dropped their price target on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. B. Riley Financial dropped their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a report 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. According to data from MarketBeat, Axcelis Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

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.