4,731 Shares in Axcelis Technologies, Inc. (NASDAQ:ACLS) Acquired by Truist Financial Corp

Truist Financial Corp acquired a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,731 shares of the semiconductor company’s stock, valued at approximately $673,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACLS. GAMMA Investing LLC boosted its holdings in shares of Axcelis Technologies by 109.4% in the first quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock worth $30,000 after buying an additional 139 shares during the last quarter. Signaturefd LLC raised its stake in Axcelis Technologies by 348.9% during the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 164 shares during the period. Blue Trust Inc. raised its stake in Axcelis Technologies by 223.8% during the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 188 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Axcelis Technologies during the 2nd quarter worth approximately $39,000. Finally, Isthmus Partners LLC raised its stake in Axcelis Technologies by 87.3% during the 2nd quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 15,507 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on ACLS shares. Benchmark decreased their target price on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. B. Riley reduced their price objective on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. DA Davidson lifted 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. Finally, Craig Hallum lifted 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Axcelis Technologies currently has an average rating of “Moderate Buy” and an average price target of $167.33.

Insider Activity

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total value of $669,338.28. Following the completion of the transaction, the director now directly owns 5,891 shares in the company, valued at approximately $647,892.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.43% of the company’s stock.

Axcelis Technologies Trading Down 8.1 %

Shares of ACLS opened at $96.60 on Wednesday. The company’s fifty day moving average is $105.02 and its 200 day moving average is $115.16. Axcelis Technologies, Inc. has a fifty-two week low of $93.77 and a fifty-two week high of $164.55. The stock has a market capitalization of $3.14 billion, a PE ratio of 12.76, a P/E/G ratio of 3.02 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, topping the consensus estimate of $1.37 by $0.18. The company had revenue of $256.51 million for the quarter, compared to analysts’ expectations of $250.06 million. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. Axcelis Technologies’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.86 earnings per share. Sell-side analysts expect that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current fiscal year.

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.