Boston Partners Grows Holdings in Axcelis Technologies, Inc. $ACLS

Boston Partners boosted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 42.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 474,043 shares of the semiconductor company’s stock after acquiring an additional 141,004 shares during the period. Boston Partners owned 1.51% of Axcelis Technologies worth $33,616,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its position in shares of Axcelis Technologies by 50.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 161 shares during the period. Bayforest Capital Ltd purchased a new stake in Axcelis Technologies in the 1st quarter worth $38,000. Parallel Advisors LLC raised its holdings in Axcelis Technologies by 129.0% during the second quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 307 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Axcelis Technologies by 100.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,352 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 677 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Axcelis Technologies by 48.5% in the second quarter. Parkside Financial Bank & Trust now owns 1,105 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 361 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ACLS shares. B. Riley cut their target price on Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Bank of America lowered shares of Axcelis Technologies from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $81.00 to $90.00 in a report on Monday, October 13th. Wall Street Zen upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. DA Davidson upped their target price on shares of Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Benchmark upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Axcelis Technologies has a consensus rating of “Hold” and an average price target of $98.80.

Axcelis Technologies Price Performance

ACLS stock opened at $82.13 on Friday. Axcelis Technologies, Inc. has a 52 week low of $40.40 and a 52 week high of $102.93. The firm has a market capitalization of $2.55 billion, a P/E ratio of 16.80 and a beta of 1.75. The company has a fifty day simple moving average of $85.34 and a two-hundred day simple moving average of $77.01. The company has a quick ratio of 4.26, a current ratio of 6.01 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. The firm had revenue of $252.42 million for the quarter. Analysts anticipate that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal 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.