American Century Companies Inc. Boosts Stake in Axcelis Technologies, Inc. $ACLS

American Century Companies Inc. grew its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 45.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,659,463 shares of the semiconductor company’s stock after acquiring an additional 518,968 shares during the quarter. American Century Companies Inc. owned about 5.28% of Axcelis Technologies worth $115,648,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ACLS. Boston Partners boosted its holdings in shares of Axcelis Technologies by 42.3% in the 2nd quarter. Boston Partners now owns 474,043 shares of the semiconductor company’s stock valued at $33,616,000 after buying an additional 141,004 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Axcelis Technologies by 70.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,036 shares of the semiconductor company’s stock worth $630,000 after acquiring an additional 3,750 shares in the last quarter. Voya Investment Management LLC lifted its position in Axcelis Technologies by 31.8% during the first quarter. Voya Investment Management LLC now owns 27,384 shares of the semiconductor company’s stock valued at $1,360,000 after acquiring an additional 6,610 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Axcelis Technologies during the second quarter valued at approximately $524,000. Finally, Mizuho Markets Cayman LP acquired a new stake in Axcelis Technologies in the second quarter valued at approximately $2,956,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ACLS. DA Davidson upped their price target on Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Zacks Research raised Axcelis Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. B. Riley decreased their price target on Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Wall Street Zen upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Finally, Bank of America downgraded shares of Axcelis Technologies from a “neutral” rating to an “underperform” rating and upped their price objective for the company from $81.00 to $90.00 in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Axcelis Technologies presently has a consensus rating of “Hold” and a consensus price target of $98.80.

Axcelis Technologies Price Performance

Shares of NASDAQ:ACLS opened at $78.89 on Tuesday. Axcelis Technologies, Inc. has a twelve month low of $40.40 and a twelve month high of $102.93. The company has a current ratio of 6.01, a quick ratio of 4.26 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.45 billion, a PE ratio of 16.13 and a beta of 1.75. The company’s 50 day moving average is $85.95 and its 200 day moving average is $76.77.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Monday, April 21st. The semiconductor company reported $1.71 EPS for the quarter. The business had revenue of $252.42 million during the quarter. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. On average, sell-side analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

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.