Andra AP fonden Has $1.25 Million Stake in Axcelis Technologies, Inc. $ACLS

Andra AP fonden trimmed its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 10.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,990 shares of the semiconductor company’s stock after selling 2,000 shares during the period. Andra AP fonden owned approximately 0.06% of Axcelis Technologies worth $1,254,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ACLS. Allspring Global Investments Holdings LLC lifted its holdings in shares of Axcelis Technologies by 57.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,783 shares of the semiconductor company’s stock valued at $291,000 after purchasing an additional 2,112 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Axcelis Technologies in the first quarter worth $236,000. Principal Financial Group Inc. raised its stake in Axcelis Technologies by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 194,038 shares of the semiconductor company’s stock valued at $9,638,000 after acquiring an additional 5,479 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Axcelis Technologies by 16.6% in the first quarter. Envestnet Asset Management Inc. now owns 25,063 shares of the semiconductor company’s stock valued at $1,245,000 after purchasing an additional 3,561 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Axcelis Technologies by 97.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 393 shares during the period. 89.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ACLS has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. DA Davidson upped their target price on Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axcelis Technologies in a report on Wednesday, October 8th. Bank of America downgraded Axcelis Technologies from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $81.00 to $90.00 in a research report on Monday, October 13th. Finally, Zacks Research upgraded shares of Axcelis Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $98.80.

Axcelis Technologies Price Performance

ACLS opened at $85.74 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.01 and a quick ratio of 4.26. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $102.93. The stock’s 50 day simple moving average is $86.28 and its 200 day simple moving average is $74.32. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 17.53 and a beta of 1.75.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Monday, April 21st. The semiconductor company reported $1.71 earnings per share for the quarter. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%.The firm had revenue of $252.42 million during the quarter. As a group, analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

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.