Raymond James & Associates Has $1.62 Million Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Raymond James & Associates lowered its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 32.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,459 shares of the semiconductor company’s stock after selling 5,934 shares during the period. Raymond James & Associates’ holdings in Axcelis Technologies were worth $1,616,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ACLS. Ronald Blue Trust Inc. lifted its holdings in shares of Axcelis Technologies by 74.7% during the third quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 65 shares during the period. NBC Securities Inc. bought a new position in Axcelis Technologies during the third quarter worth $28,000. Money Concepts Capital Corp bought a new position in Axcelis Technologies during the fourth quarter worth $30,000. Bessemer Group Inc. raised its stake in Axcelis Technologies by 27.5% during the fourth quarter. Bessemer Group Inc. now owns 389 shares of the semiconductor company’s stock worth $31,000 after buying an additional 84 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Axcelis Technologies by 42.8% during the third quarter. Public Employees Retirement System of Ohio now owns 527 shares of the semiconductor company’s stock worth $32,000 after buying an additional 158 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Trading Down 3.4 %

ACLS opened at $98.25 on Friday. Axcelis Technologies, Inc. has a 1-year low of $98.04 and a 1-year high of $201.00. The company has a current ratio of 3.79, a quick ratio of 2.71 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.20 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 2.22 and a beta of 1.63. The company has a fifty day moving average price of $111.05 and a two-hundred day moving average price of $126.13.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.17. The firm had revenue of $310.29 million during the quarter, compared to the consensus estimate of $297.92 million. Axcelis Technologies had a net margin of 21.78% and a return on equity of 31.66%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 earnings per share. Analysts predict that Axcelis Technologies, Inc. will post 6.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. B. Riley Financial lowered their target price on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 9th. B. Riley decreased their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Axcelis Technologies has a consensus rating of “Moderate Buy” and an average target price of $189.00.

Insider Transactions at Axcelis Technologies

In other Axcelis Technologies news, EVP Douglas A. Lawson bought 500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of $111.04 per share, with a total value of $55,520.00. Following the completion of the transaction, the executive vice president now directly owns 19,648 shares in the company, valued at approximately $2,181,713.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.43% of the stock is currently owned by insiders.

About Axcelis Technologies

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.