Van ECK Associates Corp Has $2.41 Million Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Van ECK Associates Corp increased its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 23.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,965 shares of the semiconductor company’s stock after acquiring an additional 3,227 shares during the quarter. Van ECK Associates Corp owned about 0.05% of Axcelis Technologies worth $2,412,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ACLS. Vanguard Group Inc. grew its holdings in Axcelis Technologies by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock worth $480,040,000 after acquiring an additional 263,604 shares during the period. Jackson Square Partners LLC increased its holdings in Axcelis Technologies by 49.0% in the first quarter. Jackson Square Partners LLC now owns 492,764 shares of the semiconductor company’s stock valued at $54,953,000 after purchasing an additional 162,040 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Axcelis Technologies by 7.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 455,846 shares of the semiconductor company’s stock valued at $64,816,000 after buying an additional 32,695 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Axcelis Technologies by 0.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 442,586 shares of the semiconductor company’s stock worth $57,399,000 after buying an additional 3,999 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Axcelis Technologies during the 4th quarter worth about $57,105,000. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

ACLS stock opened at $96.98 on Friday. The stock has a 50-day moving average price of $123.07 and a two-hundred day moving average price of $117.22. Axcelis Technologies, Inc. has a 1 year low of $93.77 and a 1 year high of $186.00. The stock has a market cap of $3.15 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 3.30 and a beta of 1.61. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share for the quarter, topping 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 company had revenue of $256.51 million during the quarter, compared to analysts’ expectations of $250.06 million. During the same period in the prior year, the firm earned $1.86 earnings per share. Axcelis Technologies’s revenue for the quarter was down 6.4% compared to the same quarter last year. Equities analysts forecast that Axcelis Technologies, Inc. will post 6.05 EPS for the current fiscal year.

Insider Activity

In related news, Director Jorge Titinger sold 6,086 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total transaction of $669,338.28. Following the completion of the transaction, the director now owns 5,891 shares in the company, valued at $647,892.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.43% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ACLS. Bank of America increased their price target on shares of Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. Craig Hallum upped their price objective on shares of Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, July 12th. DA Davidson raised their price objective on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Benchmark decreased their target price on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $167.33.

Axcelis Technologies Company 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.