Allspring Global Investments Holdings LLC Buys 2,112 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Allspring Global Investments Holdings LLC lifted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 57.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,783 shares of the semiconductor company’s stock after acquiring an additional 2,112 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Axcelis Technologies were worth $291,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Axcelis Technologies during the 4th quarter worth about $397,000. LPL Financial LLC boosted its stake in shares of Axcelis Technologies by 36.1% during the 4th quarter. LPL Financial LLC now owns 60,834 shares of the semiconductor company’s stock worth $4,250,000 after acquiring an additional 16,152 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Axcelis Technologies during the 4th quarter valued at approximately $298,000. Charles Schwab Investment Management Inc. boosted its stake in Axcelis Technologies by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,936 shares of the semiconductor company’s stock valued at $25,847,000 after purchasing an additional 22,913 shares during the period. Finally, Illumine Investment Management LLC bought a new stake in Axcelis Technologies during the 1st quarter valued at approximately $483,000. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

Shares of NASDAQ:ACLS opened at $74.86 on Friday. The business has a 50 day moving average price of $64.77 and a 200 day moving average price of $61.26. Axcelis Technologies, Inc. has a twelve month low of $40.40 and a twelve month high of $153.70. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 5.08 and a beta of 1.57. The company has a quick ratio of 4.08, a current ratio of 5.56 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.65. Axcelis Technologies had a return on equity of 18.55% and a net margin of 18.58%. The firm had revenue of $192.56 million during the quarter, compared to the consensus estimate of $184.86 million. During the same quarter in the prior year, the company earned $1.57 EPS. The firm’s revenue for the quarter was down 23.7% compared to the same quarter last year. Research analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,682 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $61.93, for a total value of $104,166.26. Following the completion of the sale, the director owned 35,050 shares in the company, valued at approximately $2,170,646.50. This trade represents a 4.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley increased their target price on Axcelis Technologies from $58.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 18th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Axcelis Technologies currently has an average rating of “Hold” and a consensus price target of $132.50.

Axcelis Technologies 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.