Susquehanna Fundamental Investments LLC Has $3.94 Million Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Susquehanna Fundamental Investments LLC increased its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 44.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,735 shares of the semiconductor company’s stock after buying an additional 8,575 shares during the period. Susquehanna Fundamental Investments LLC owned 0.09% of Axcelis Technologies worth $3,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Axcelis Technologies by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock valued at $480,040,000 after acquiring an additional 263,604 shares during the period. Jackson Square Partners LLC grew its stake in Axcelis Technologies by 49.0% during the first 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Axcelis Technologies by 7.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 455,846 shares of the semiconductor company’s stock worth $64,816,000 after acquiring an additional 32,695 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Axcelis Technologies by 0.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 442,586 shares of the semiconductor company’s stock valued at $57,399,000 after purchasing an additional 3,999 shares in the last quarter. Finally, Reinhart Partners LLC. lifted its position in shares of Axcelis Technologies by 23.4% during the 2nd quarter. Reinhart Partners LLC. now owns 419,048 shares of the semiconductor company’s stock worth $59,584,000 after buying an additional 79,456 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Stock Performance

NASDAQ ACLS opened at $107.37 on Monday. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 3.09 and a beta of 1.58. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a twelve month low of $93.77 and a twelve month high of $170.97. The stock has a fifty day simple moving average of $109.78 and a 200 day simple moving average of $115.98.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $250.06 million. During the same period last year, the company earned $1.86 earnings per share. The firm’s revenue was down 6.4% compared to the same quarter last year. Sell-side analysts expect that Axcelis Technologies, Inc. will post 6.05 EPS for the current year.

Insider Transactions at Axcelis Technologies

In other 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 sale, the director now directly owns 5,891 shares in the company, valued at $647,892.18. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.43% of the company’s stock.

Analysts Set New Price Targets

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