18,534 Shares in Axcelis Technologies, Inc. $ACLS Acquired by ARGA Investment Management LP

Key Points

• ARGA Investment Management LP acquired 18,534 shares of Axcelis Technologies, Inc. valued at approximately $1,292,000, representing around 0.06% of the company.
• Axcelis Technologies has seen significant growth in institutional ownership, with hedge funds and other investors owning approximately 89.98% of the company's stock.
• The stock price of Axcelis Technologies increased by 3.6% recently, with a market capitalization of $2.65 billion and a price-to-earnings ratio of 17.25.

ARGA Investment Management LP bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,534 shares of the semiconductor company's stock, valued at approximately $1,292,000. ARGA Investment Management LP owned about 0.06% of Axcelis Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Axcelis Technologies by 1.0% during the first quarter. Vanguard Group Inc. now owns 4,439,902 shares of the semiconductor company's stock valued at $220,530,000 after buying an additional 43,768 shares during the last quarter. Reinhart Partners LLC. grew its stake in Axcelis Technologies by 5.4% during the 2nd quarter. Reinhart Partners LLC. now owns 1,518,544 shares of the semiconductor company's stock valued at $105,828,000 after purchasing an additional 77,522 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Axcelis Technologies by 7.6% in the first quarter. American Century Companies Inc. now owns 1,140,495 shares of the semiconductor company's stock valued at $56,648,000 after purchasing an additional 80,399 shares during the period. Boston Trust Walden Corp increased its holdings in shares of Axcelis Technologies by 2.4% in the second quarter. Boston Trust Walden Corp now owns 845,911 shares of the semiconductor company's stock valued at $58,952,000 after purchasing an additional 19,579 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Axcelis Technologies by 7.5% in the first quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company's stock worth $31,560,000 after purchasing an additional 44,275 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.

Axcelis Technologies Stock Up 3.6%

ACLS opened at $84.36 on Friday. The company has a fifty day moving average of $85.81 and a two-hundred day moving average of $71.12. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 17.25 and a beta of 1.75. Axcelis Technologies, Inc. has a fifty-two week low of $40.40 and a fifty-two week high of $102.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.26 and a current ratio of 6.01.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its earnings results on Monday, April 21st. The semiconductor company reported $1.71 EPS for the quarter. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%.The firm had revenue of $252.42 million for the quarter. On average, research analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ACLS. Wall Street Zen upgraded Axcelis Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Zacks Research cut shares of Axcelis Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Benchmark upgraded shares of Axcelis Technologies from a "hold" rating to a "buy" rating and set a $105.00 price objective on the stock in a research note on Thursday, October 2nd. DA Davidson raised their target price on shares of Axcelis Technologies from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Axcelis Technologies in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $97.00.

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.

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