Allianz Asset Management GmbH grew its stake in Axcelis Technologies Inc (NASDAQ:ACLS) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,498 shares of the semiconductor company’s stock after purchasing an additional 5,067 shares during the quarter. Allianz Asset Management GmbH owned about 0.34% of Axcelis Technologies worth $1,678,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in Axcelis Technologies by 463.3% in the first quarter. Victory Capital Management Inc. now owns 97,234 shares of the semiconductor company’s stock valued at $1,956,000 after buying an additional 79,971 shares during the period. BBT Capital Management LLC acquired a new stake in shares of Axcelis Technologies in the 1st quarter valued at approximately $465,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Axcelis Technologies in the 1st quarter valued at approximately $497,000. Dimensional Fund Advisors LP raised its position in shares of Axcelis Technologies by 10.0% in the 4th 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. Finally, Comerica Bank boosted its stake in Axcelis Technologies by 2.6% during the 1st quarter. Comerica Bank now owns 31,996 shares of the semiconductor company’s stock worth $669,000 after acquiring an additional 805 shares during the last quarter. 82.33% of the stock is currently owned by institutional investors.
NASDAQ:ACLS opened at $16.36 on Tuesday. Axcelis Technologies Inc has a 1 year low of $13.99 and a 1 year high of $22.99. The stock has a 50-day moving average price of $15.46 and a two-hundred day moving average price of $17.49. The stock has a market cap of $528.95 million, a price-to-earnings ratio of 12.49 and a beta of 1.29. The company has a current ratio of 6.63, a quick ratio of 4.04 and a debt-to-equity ratio of 0.12.
Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.05. Axcelis Technologies had a return on equity of 5.53% and a net margin of 6.52%. The company had revenue of $74.31 million for the quarter, compared to analyst estimates of $75.00 million. During the same quarter last year, the firm posted $0.43 earnings per share. Axcelis Technologies’s revenue was down 37.7% compared to the same quarter last year. Sell-side analysts forecast that Axcelis Technologies Inc will post 0.4 earnings per share for the current year.
In other Axcelis Technologies news, EVP Douglas A. Lawson bought 3,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average cost of $15.05 per share, with a total value of $45,150.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.72% of the stock is currently owned by corporate insiders.
A number of research analysts recently issued reports on ACLS shares. ValuEngine upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. TheStreet lowered shares of Axcelis Technologies from a “b” rating to a “c+” rating in a report on Thursday, May 23rd. Northland Securities set a $15.00 price target on shares of Axcelis Technologies and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, BidaskClub raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.00.
Axcelis Technologies Profile
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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