Nisa Investment Advisors LLC Acquires 393 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Nisa Investment Advisors LLC lifted its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 97.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 796 shares of the semiconductor company’s stock after purchasing an additional 393 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Axcelis Technologies were worth $40,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Axcelis Technologies by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,396,134 shares of the semiconductor company’s stock valued at $307,158,000 after buying an additional 106,203 shares in the last quarter. Reinhart Partners LLC. boosted its position in Axcelis Technologies by 39.1% in the first quarter. Reinhart Partners LLC. now owns 1,441,022 shares of the semiconductor company’s stock valued at $71,576,000 after buying an additional 404,910 shares in the last quarter. American Century Companies Inc. boosted its position in Axcelis Technologies by 37.8% in the fourth quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company’s stock valued at $74,069,000 after buying an additional 290,678 shares in the last quarter. Geode Capital Management LLC boosted its position in Axcelis Technologies by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 897,750 shares of the semiconductor company’s stock valued at $62,738,000 after buying an additional 23,234 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its position in Axcelis Technologies by 0.8% in the first quarter. Boston Trust Walden Corp now owns 826,332 shares of the semiconductor company’s stock valued at $41,044,000 after buying an additional 6,216 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, B. Riley lifted their target price on shares of Axcelis Technologies from $58.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 18th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $118.33.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $70.96 on Friday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 13.00, a PEG ratio of 4.76 and a beta of 1.57. The company has a current ratio of 5.56, a quick ratio of 4.08 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $66.29 and its 200 day moving average is $61.21. Axcelis Technologies, Inc. has a 12 month low of $40.40 and a 12 month high of $137.99.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.65. Axcelis Technologies had a net margin of 18.58% and a return on equity of 18.55%. The business had revenue of $192.56 million for the quarter, compared to analysts’ expectations of $184.86 million. During the same period in the prior year, the company posted $1.57 EPS. The business’s revenue for the quarter was down 23.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Insider Activity at Axcelis Technologies

In related news, Director John T. Kurtzweil sold 1,682 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $61.93, for a total transaction of $104,166.26. Following the transaction, the director owned 35,050 shares of the company’s stock, valued at approximately $2,170,646.50. This trade represents a 4.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.48% of the stock is owned by 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.