Intech Investment Management LLC Buys Shares of 4,312 Axcelis Technologies, Inc. (NASDAQ:ACLS)

Intech Investment Management LLC purchased a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,312 shares of the semiconductor company’s stock, valued at approximately $613,000.

A number of other institutional investors have also modified their holdings of the company. Reinhart Partners LLC. purchased a new position in Axcelis Technologies during the 1st quarter valued at about $37,871,000. Vanguard Group Inc. boosted its stake in shares of Axcelis Technologies by 6.5% in the first quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock valued at $480,040,000 after purchasing an additional 263,604 shares during the period. Boston Partners purchased a new stake in Axcelis Technologies during the 1st quarter worth approximately $20,819,000. Jackson Square Partners LLC increased its stake in Axcelis Technologies by 49.0% during the 1st quarter. Jackson Square Partners LLC now owns 492,764 shares of the semiconductor company’s stock worth $54,953,000 after buying an additional 162,040 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Axcelis Technologies by 38.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 423,151 shares of the semiconductor company’s stock worth $47,190,000 after buying an additional 118,149 shares in the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACLS has been the subject of several research reports. B. Riley dropped their price target on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Bank of America boosted their target price on Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Benchmark reduced their price target on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Craig Hallum boosted their price objective on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, DA Davidson increased their price objective on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.33.

Insider Buying and Selling at Axcelis Technologies

In other news, Director Jorge Titinger sold 6,086 shares of Axcelis Technologies 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 owns 5,891 shares in the company, valued at $647,892.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.43% of the stock is currently owned by insiders.

Axcelis Technologies Price Performance

ACLS stock opened at $108.05 on Friday. The business has a 50 day moving average price of $110.71 and a 200 day moving average price of $116.05. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 3.09 and a beta of 1.58. Axcelis Technologies, Inc. has a fifty-two week low of $93.77 and a fifty-two week high of $170.97.

Axcelis Technologies (NASDAQ:ACLS) last issued 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. The business had revenue of $256.51 million during the quarter, compared to the consensus estimate of $250.06 million. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 EPS. Equities research analysts anticipate that Axcelis Technologies, Inc. will post 6.05 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.