ProShare Advisors LLC raised its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) by 14.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,163 shares of the semiconductor company’s stock after acquiring an additional 660 shares during the period. ProShare Advisors LLC’s holdings in Axcelis Technologies were worth $410,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Axcelis Technologies by 1.1% in the third quarter. BlackRock Inc. now owns 5,156,365 shares of the semiconductor company’s stock valued at $312,269,000 after purchasing an additional 56,915 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Axcelis Technologies by 6.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,957,174 shares of the semiconductor company’s stock worth $179,085,000 after acquiring an additional 180,011 shares in the last quarter. State Street Corp boosted its stake in shares of Axcelis Technologies by 1.7% during the 3rd quarter. State Street Corp now owns 1,132,668 shares of the semiconductor company’s stock worth $68,594,000 after acquiring an additional 19,207 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Axcelis Technologies by 0.8% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 460,096 shares of the semiconductor company’s stock worth $27,865,000 after acquiring an additional 3,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Axcelis Technologies by 52.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 450,517 shares of the semiconductor company’s stock worth $24,706,000 after acquiring an additional 154,258 shares in the last quarter. 86.47% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equity research analysts have recently issued reports on ACLS shares. DA Davidson reissued a “buy” rating on shares of Axcelis Technologies in a research note on Wednesday, March 1st. Craig Hallum increased their target price on shares of Axcelis Technologies from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, February 10th. StockNews.com started coverage on shares of Axcelis Technologies in a research note on Thursday, March 16th. They set a “hold” rating on the stock. The benchmark reissued a “buy” rating and set a $142.00 target price on shares of Axcelis Technologies in a research note on Tuesday, March 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $140.00 price target on shares of Axcelis Technologies in a research report on Tuesday, March 28th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.33.
Axcelis Technologies Stock Up 1.6 %
ACLS opened at $118.30 on Monday. Axcelis Technologies, Inc. has a twelve month low of $46.41 and a twelve month high of $136.38. The company has a quick ratio of 2.56, a current ratio of 3.54 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $126.91 and a 200-day moving average price of $99.95. The company has a market cap of $3.87 billion, a PE ratio of 21.67 and a beta of 1.72.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last released its quarterly earnings results on Thursday, February 9th. The semiconductor company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.25. The firm had revenue of $266.05 million during the quarter, compared to the consensus estimate of $251.80 million. Axcelis Technologies has a net margin of 19.90% and a return on equity of 30.16%. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. Sell-side analysts expect that Axcelis Technologies, Inc. will post 5.9 earnings per share for the current fiscal year.
Insider Buying and Selling at Axcelis Technologies
In other Axcelis Technologies news, Director Tzu Yin Chiu sold 1,700 shares of the stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $127.12, for a total value of $216,104.00. Following the completion of the sale, the director now owns 28,873 shares in the company, valued at approximately $3,670,335.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink. 1.43% of the stock is owned by insiders.
About Axcelis Technologies
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Axcelis Technologies, Inc is engaged in the manufacture of capital equipment for the semiconductor chip manufacturing industry. It ion implantation systems product line includes high and medium current, and energy implanters. It also offers post-sales equipment service and support, such as spare parts, equipment upgrades, used equipment, maintenance services, and customer training.
See Also
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