Envestnet Asset Management Inc. Has $5.74 Million Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Envestnet Asset Management Inc. boosted its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 12.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,378 shares of the semiconductor company’s stock after purchasing an additional 4,622 shares during the quarter. Envestnet Asset Management Inc. owned about 0.12% of Axcelis Technologies worth $5,741,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. CWM LLC grew its position in Axcelis Technologies by 4.8% in the 2nd quarter. CWM LLC now owns 1,506 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 69 shares during the period. Andina Capital Management LLC boosted its holdings in Axcelis Technologies by 3.7% during the 2nd quarter. Andina Capital Management LLC now owns 2,791 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 99 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Axcelis Technologies by 17.5% during the 1st quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 100 shares during the last quarter. Eagle Bay Advisors LLC boosted its holdings in Axcelis Technologies by 1.7% during the 1st quarter. Eagle Bay Advisors LLC now owns 7,310 shares of the semiconductor company’s stock worth $815,000 after acquiring an additional 125 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in Axcelis Technologies by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 9,134 shares of the semiconductor company’s stock worth $1,299,000 after acquiring an additional 134 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Insider Activity

In other news, Director Jorge Titinger sold 6,086 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total transaction of $669,338.28. Following the sale, the director now directly owns 5,891 shares in the company, valued at $647,892.18. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.43% of the company’s stock.

Axcelis Technologies Trading Down 2.3 %

Shares of Axcelis Technologies stock opened at $104.85 on Tuesday. Axcelis Technologies, Inc. has a 52-week low of $93.77 and a 52-week high of $170.97. The stock’s 50-day simple moving average is $109.78 and its 200 day simple moving average is $116.03. The stock has a market capitalization of $3.41 billion, a P/E ratio of 13.85, a P/E/G ratio of 3.09 and a beta of 1.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.26 and a current ratio of 4.42.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.18. Axcelis Technologies had a return on equity of 27.35% and a net margin of 21.54%. The firm had revenue of $256.51 million for the quarter, compared to analysts’ expectations of $250.06 million. During the same period in the prior year, the business posted $1.86 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. As a group, research analysts anticipate that Axcelis Technologies, Inc. will post 6.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Bank of America lifted their price objective on shares of Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. B. Riley lowered their target price on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Benchmark lowered their target price on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Craig Hallum lifted their target price on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, DA Davidson lifted their target price on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Axcelis Technologies has an average rating of “Moderate Buy” and a consensus target price of $167.33.

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.