Teacher Retirement System of Texas Buys New Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Teacher Retirement System of Texas purchased a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,753 shares of the semiconductor company's stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACLS. Bank of Montreal Can raised its stake in Axcelis Technologies by 3.9% in the 4th quarter. Bank of Montreal Can now owns 4,540 shares of the semiconductor company's stock valued at $317,000 after acquiring an additional 170 shares during the period. Signaturefd LLC grew its holdings in shares of Axcelis Technologies by 90.6% during the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 173 shares in the last quarter. Perkins Coie Trust Co lifted its position in shares of Axcelis Technologies by 9.2% during the 1st quarter. Perkins Coie Trust Co now owns 2,675 shares of the semiconductor company's stock worth $133,000 after buying an additional 225 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Axcelis Technologies by 118.7% during the 1st quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock worth $29,000 after buying an additional 317 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Axcelis Technologies by 160.5% during the first quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 358 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

Insider Transactions at Axcelis Technologies

In related news, Director John T. Kurtzweil sold 1,682 shares of Axcelis Technologies stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $61.93, for a total value of $104,166.26. Following the sale, the director directly owned 35,050 shares in the company, valued at approximately $2,170,646.50. The trade was a 4.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley lifted their target price on Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $118.33.

Axcelis Technologies Price Performance

Shares of Axcelis Technologies stock traded up $0.12 during trading hours on Tuesday, hitting $74.66. The company's stock had a trading volume of 220,611 shares, compared to its average volume of 642,035. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.08 and a current ratio of 5.56. The company has a market cap of $2.40 billion, a PE ratio of 13.61, a PEG ratio of 4.76 and a beta of 1.57. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $137.99. The business has a 50 day moving average price of $66.29 and a two-hundred day moving average price of $61.15.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.65. The company had revenue of $192.56 million for the quarter, compared to analysts' expectations of $184.86 million. Axcelis Technologies had a return on equity of 18.55% and a net margin of 18.58%. Axcelis Technologies's revenue was down 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.57 earnings per share. Analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Axcelis Technologies 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.