Algert Global LLC acquired a new stake in shares of Axcelis Technologies Inc (NASDAQ:ACLS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,065 shares of the semiconductor company’s stock, valued at approximately $197,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of ACLS. Dimensional Fund Advisors LP increased its stake in shares of Axcelis Technologies by 10.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,285,935 shares of the semiconductor company’s stock valued at $40,690,000 after acquiring an additional 208,263 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Axcelis Technologies by 448.6% during the first quarter. BNP Paribas Arbitrage SA now owns 6,792 shares of the semiconductor company’s stock valued at $137,000 after acquiring an additional 5,554 shares during the period. SG Americas Securities LLC increased its stake in shares of Axcelis Technologies by 62.7% during the first quarter. SG Americas Securities LLC now owns 19,594 shares of the semiconductor company’s stock valued at $394,000 after acquiring an additional 7,554 shares during the period. Rhumbline Advisers increased its stake in shares of Axcelis Technologies by 1.6% during the first quarter. Rhumbline Advisers now owns 97,823 shares of the semiconductor company’s stock valued at $1,968,000 after acquiring an additional 1,526 shares during the period. Finally, Comerica Bank increased its stake in shares of Axcelis Technologies by 2.6% during the first quarter. Comerica Bank now owns 31,996 shares of the semiconductor company’s stock valued at $669,000 after acquiring an additional 805 shares during the period. Institutional investors and hedge funds own 82.20% of the company’s stock.
In other Axcelis Technologies news, EVP Douglas A. Lawson purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were purchased at an average price of $15.05 per share, for a total transaction of $45,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.72% of the company’s stock.
Axcelis Technologies stock opened at $18.22 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.04 and a current ratio of 6.63. The firm has a market cap of $589.05 million, a price-to-earnings ratio of 13.91 and a beta of 1.29. Axcelis Technologies Inc has a 1 year low of $13.99 and a 1 year high of $22.99. The firm’s 50 day moving average price is $15.89 and its two-hundred day moving average price is $17.31.
Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.05. The firm had revenue of $74.31 million for the quarter, compared to analyst estimates of $75.00 million. Axcelis Technologies had a net margin of 6.52% and a return on equity of 5.53%. The firm’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. As a group, equities analysts predict that Axcelis Technologies Inc will post 0.4 EPS for the current fiscal year.
A number of research firms recently commented on ACLS. ValuEngine upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. BidaskClub upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, Northland Securities set a $15.00 price objective on shares of Axcelis Technologies and gave the company a “hold” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Axcelis Technologies presently has a consensus rating of “Hold” and a consensus target price of $23.00.
About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides curing systems and thermal processing systems.
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