PNC Financial Services Group Inc. Buys 168 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

PNC Financial Services Group Inc. lifted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLSFree Report) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,357 shares of the semiconductor company’s stock after acquiring an additional 168 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Axcelis Technologies were worth $435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System purchased a new stake in shares of Axcelis Technologies in the fourth quarter worth $2,127,000. Fuller & Thaler Asset Management Inc. boosted its holdings in Axcelis Technologies by 8.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 224,118 shares of the semiconductor company’s stock worth $36,542,000 after buying an additional 17,885 shares during the period. Barclays PLC increased its stake in Axcelis Technologies by 267.0% in the 3rd quarter. Barclays PLC now owns 100,409 shares of the semiconductor company’s stock worth $16,372,000 after buying an additional 73,053 shares in the last quarter. Northern Trust Corp raised its holdings in Axcelis Technologies by 2.0% during the third quarter. Northern Trust Corp now owns 392,377 shares of the semiconductor company’s stock valued at $63,977,000 after acquiring an additional 7,595 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Axcelis Technologies by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 431,113 shares of the semiconductor company’s stock valued at $55,911,000 after acquiring an additional 17,635 shares in the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Craig Hallum raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Friday, May 3rd. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Friday, May 3rd. B. Riley dropped their target price on shares of Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. B. Riley Financial reduced their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Finally, Benchmark dropped their price objective on shares of Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $169.00.

View Our Latest Analysis on Axcelis Technologies

Insider Buying and Selling at Axcelis Technologies

In other news, Director John T. Kurtzweil sold 1,200 shares of Axcelis Technologies stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $114.42, for a total value of $137,304.00. Following the completion of the transaction, the director now owns 33,146 shares in the company, valued at approximately $3,792,565.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.14% of the company’s stock.

Axcelis Technologies Trading Down 0.8 %

Shares of ACLS opened at $111.54 on Tuesday. Axcelis Technologies, Inc. has a fifty-two week low of $93.77 and a fifty-two week high of $201.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.87 and a current ratio of 4.00. The company’s fifty day moving average is $108.11 and its 200 day moving average is $117.72. The stock has a market capitalization of $3.63 billion, a PE ratio of 14.73, a P/E/G ratio of 2.73 and a beta of 1.54.

Axcelis Technologies (NASDAQ:ACLSGet Free Report) last posted its earnings results on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.31. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. The firm had revenue of $252.37 million for the quarter, compared to the consensus estimate of $242.55 million. Sell-side analysts expect that Axcelis Technologies, Inc. will post 6.41 earnings per share for the current fiscal year.

About Axcelis Technologies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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