7,187 Shares in Axcelis Technologies, Inc. $ACLS Purchased by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. has acquired 7,187 shares of Axcelis Technologies, valued at approximately $524,000, as part of a new investment position in the company.
• Major institutional investors such as Allspring Global Investments, LRI Investments, and Vanguard have significantly increased their stakes in Axcelis Technologies during the second quarter, with institutional ownership now at 89.98%.
• Analyst ratings for Axcelis Technologies are mixed, with three analysts giving a "Buy" rating, five a "Hold" rating, and one a "Sell" rating, and a consensus target price set at $97.00.

Atria Wealth Solutions Inc. purchased a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,187 shares of the semiconductor company's stock, valued at approximately $524,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its position in Axcelis Technologies by 31.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 7,588 shares of the semiconductor company's stock worth $546,000 after acquiring an additional 1,805 shares during the last quarter. LRI Investments LLC boosted its holdings in Axcelis Technologies by 683.3% in the 2nd quarter. LRI Investments LLC now owns 2,585 shares of the semiconductor company's stock valued at $180,000 after purchasing an additional 2,255 shares during the last quarter. CWM LLC boosted its holdings in Axcelis Technologies by 112.4% in the 2nd quarter. CWM LLC now owns 3,520 shares of the semiconductor company's stock valued at $245,000 after purchasing an additional 1,863 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Axcelis Technologies by 70.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,036 shares of the semiconductor company's stock valued at $630,000 after purchasing an additional 3,750 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in Axcelis Technologies in the 2nd quarter valued at about $144,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACLS has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Axcelis Technologies from a "hold" rating to a "buy" rating in a report on Saturday, October 11th. Zacks Research lowered shares of Axcelis Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Benchmark upgraded shares of Axcelis Technologies from a "hold" rating to a "buy" rating and set a $105.00 target price on the stock in a report on Thursday, October 2nd. Bank of America lowered shares of Axcelis Technologies from a "neutral" rating to an "underperform" rating and boosted their target price for the company from $81.00 to $90.00 in a report on Monday, October 13th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Axcelis Technologies in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Axcelis Technologies currently has an average rating of "Hold" and a consensus target price of $97.00.

Axcelis Technologies Price Performance

Axcelis Technologies stock opened at $82.88 on Monday. The company's 50 day simple moving average is $85.71 and its 200-day simple moving average is $70.40. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 16.95 and a beta of 1.75. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year 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 released its quarterly earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. The business had revenue of $252.42 million for the quarter. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. As a group, equities research analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

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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