Federated Hermes Inc. Buys 26,972 Shares of Axcelis Technologies, Inc. $ACLS

Federated Hermes Inc. lifted its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 13.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,164 shares of the semiconductor company’s stock after purchasing an additional 26,972 shares during the quarter. Federated Hermes Inc. owned about 0.70% of Axcelis Technologies worth $15,413,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in Axcelis Technologies by 45.5% during the 2nd quarter. American Century Companies Inc. now owns 1,659,463 shares of the semiconductor company’s stock valued at $115,648,000 after buying an additional 518,968 shares in the last quarter. BlackBarn Capital Partners LP boosted its position in shares of Axcelis Technologies by 758.0% during the 1st quarter. BlackBarn Capital Partners LP now owns 480,441 shares of the semiconductor company’s stock valued at $23,864,000 after acquiring an additional 424,444 shares during the last quarter. Boston Partners grew its holdings in shares of Axcelis Technologies by 42.3% in the second quarter. Boston Partners now owns 474,043 shares of the semiconductor company’s stock valued at $33,616,000 after purchasing an additional 141,004 shares in the last quarter. Walleye Capital LLC grew its holdings in shares of Axcelis Technologies by 12,799.9% in the first quarter. Walleye Capital LLC now owns 94,169 shares of the semiconductor company’s stock valued at $4,677,000 after purchasing an additional 93,439 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Axcelis Technologies in the first quarter worth $4,447,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS opened at $90.34 on Thursday. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 21.36 and a beta of 1.73. Axcelis Technologies, Inc. has a 12 month low of $40.40 and a 12 month high of $102.93. The firm’s 50-day moving average is $83.50 and its 200 day moving average is $78.75. The company has a current ratio of 4.95, a quick ratio of 3.32 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. Axcelis Technologies had a net margin of 15.93% and a return on equity of 14.58%. The business had revenue of $252.42 million during the quarter. Research analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on ACLS. Wall Street Zen lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. B. Riley decreased their target price on shares of Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Bank of America lowered Axcelis Technologies from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $81.00 to $90.00 in a research report on Monday, October 13th. Zacks Research cut Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, DA Davidson raised their price objective on Axcelis Technologies from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Axcelis Technologies currently has an average rating of “Hold” and an average target price of $98.80.

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.