Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Purchased by Cwm LLC

Cwm LLC raised its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 20.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,557 shares of the semiconductor company’s stock after acquiring an additional 267 shares during the period. Cwm LLC’s holdings in Axcelis Technologies were worth $202,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ACLS. Invesco Ltd. increased its stake in Axcelis Technologies by 17.1% in the third quarter. Invesco Ltd. now owns 970,409 shares of the semiconductor company’s stock valued at $158,225,000 after purchasing an additional 141,372 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Axcelis Technologies by 11.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 447,869 shares of the semiconductor company’s stock worth $73,036,000 after acquiring an additional 47,133 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Axcelis Technologies by 32.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 413,478 shares of the semiconductor company’s stock worth $67,418,000 after acquiring an additional 101,944 shares during the last quarter. Northern Trust Corp grew its holdings in Axcelis Technologies by 2.0% in the third quarter. Northern Trust Corp now owns 392,377 shares of the semiconductor company’s stock valued at $63,977,000 after purchasing an additional 7,595 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in Axcelis Technologies during the third quarter worth approximately $40,425,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Insider Activity

In other Axcelis Technologies news, EVP Douglas A. Lawson purchased 500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the completion of the purchase, the executive vice president now owns 19,648 shares in the company, valued at approximately $2,181,713.92. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.43% of the company’s stock.

Axcelis Technologies Stock Performance

Axcelis Technologies stock opened at $111.45 on Friday. The firm has a market capitalization of $3.63 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 1.14 and a beta of 1.64. Axcelis Technologies, Inc. has a one year low of $93.77 and a one year high of $201.00. The stock’s 50 day moving average price is $107.79 and its 200 day moving average price is $121.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.71 and a current ratio of 4.00.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Thursday, May 2nd. The semiconductor company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.33. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. The business had revenue of $252.37 million for the quarter, compared to analysts’ expectations of $242.61 million. During the same period in the previous year, the company posted $1.43 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that Axcelis Technologies, Inc. will post 6.88 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ACLS. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday. Craig Hallum raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Friday. Benchmark cut their price objective on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Friday. B. Riley decreased their target price on Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating for the company in a report on Friday. Finally, B. Riley Financial cut their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $169.00.

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.