Focus Partners Wealth lifted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report) by 153.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,430 shares of the semiconductor company’s stock after buying an additional 22,073 shares during the quarter. Focus Partners Wealth owned about 0.11% of Axcelis Technologies worth $1,809,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of the stock. Versant Capital Management Inc grew its position in Axcelis Technologies by 118.7% in the 1st quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 317 shares during the period. Fifth Third Bancorp grew its position in Axcelis Technologies by 160.5% in the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 358 shares during the period. Bayforest Capital Ltd acquired a new stake in Axcelis Technologies in the 1st quarter valued at $38,000. Nisa Investment Advisors LLC grew its position in Axcelis Technologies by 97.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 393 shares during the period. Finally, Sound Income Strategies LLC bought a new position in Axcelis Technologies during the 1st quarter valued at $44,000. Institutional investors and hedge funds own 89.98% of the company’s stock.
Axcelis Technologies Stock Up 2.9%
ACLS stock opened at $89.81 on Wednesday. The company has a quick ratio of 4.26, a current ratio of 6.01 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $78.06 and a two-hundred day simple moving average of $64.77. The firm has a market capitalization of $2.82 billion, a PE ratio of 18.37 and a beta of 1.73. Axcelis Technologies, Inc. has a twelve month low of $40.40 and a twelve month high of $110.17.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on ACLS shares. DA Davidson raised their price objective on Axcelis Technologies from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. B. Riley lifted their target price on Axcelis Technologies from $58.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 18th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Axcelis Technologies has an average rating of “Hold” and an average price target of $90.00.
Get Our Latest Stock Analysis on Axcelis Technologies
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.
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