Federated Hermes Inc. Has $9.65 Million Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Key Points

• Federated Hermes Inc. has increased its stake in Axcelis Technologies by 7.1%, owning approximately 0.60% of the company worth about $9.6 million as of the last reporting period.
• B. Riley has raised its price target on Axcelis Technologies from $58.00 to $75.00, maintaining a "neutral" rating, while the stock currently holds an average target of $90.00.
• Axcelis Technologies reported an earnings per share (EPS) of $1.04 for the last quarter, significantly exceeding analyst expectations of $0.39, despite a 23.7% decline in revenue year-over-year.

Federated Hermes Inc. increased its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,192 shares of the semiconductor company's stock after acquiring an additional 12,931 shares during the period. Federated Hermes Inc. owned approximately 0.60% of Axcelis Technologies worth $9,646,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ACLS. Reinhart Partners LLC. boosted its stake in Axcelis Technologies by 39.1% in the 1st quarter. Reinhart Partners LLC. now owns 1,441,022 shares of the semiconductor company's stock worth $71,576,000 after purchasing an additional 404,910 shares during the period. Geode Capital Management LLC boosted its stake in Axcelis Technologies by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 897,750 shares of the semiconductor company's stock worth $62,738,000 after purchasing an additional 23,234 shares during the period. Boston Trust Walden Corp boosted its stake in Axcelis Technologies by 0.8% in the 1st quarter. Boston Trust Walden Corp now owns 826,332 shares of the semiconductor company's stock worth $41,044,000 after purchasing an additional 6,216 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Axcelis Technologies by 54.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 764,069 shares of the semiconductor company's stock worth $53,386,000 after purchasing an additional 268,098 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Axcelis Technologies by 11.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 724,585 shares of the semiconductor company's stock worth $50,628,000 after purchasing an additional 71,631 shares during the period. 89.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Axcelis Technologies

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

Axcelis Technologies Stock Up 3.1%

ACLS stock traded up $2.13 during midday trading on Monday, reaching $70.88. The company had a trading volume of 648,553 shares, compared to its average volume of 442,802. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $117.57. The company has a current ratio of 5.56, a quick ratio of 4.08 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.28 billion, a P/E ratio of 12.23 and a beta of 1.58. The company has a 50 day moving average of $68.61 and a two-hundred day moving average of $61.23.

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

Analyst Ratings Changes

Separately, B. Riley raised their price objective on shares of Axcelis Technologies from $58.00 to $75.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $90.00.

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.