Homestead Advisers Corp Has $1.70 Million Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Homestead Advisers Corp lifted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 15.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,200 shares of the semiconductor company's stock after purchasing an additional 4,600 shares during the quarter. Homestead Advisers Corp owned 0.11% of Axcelis Technologies worth $1,699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Signaturefd LLC boosted its position in 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 buying an additional 173 shares during the period. Fifth Third Bancorp grew its holdings in Axcelis Technologies by 160.5% during the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 358 shares during the last quarter. Versant Capital Management Inc grew its holdings in 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 acquiring an additional 317 shares during the last quarter. Quarry LP grew its holdings in Axcelis Technologies by 1,387.5% during the 4th quarter. Quarry LP now owns 714 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 666 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Axcelis Technologies by 97.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock worth $40,000 after acquiring an additional 393 shares during the last quarter. 89.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director John T. Kurtzweil sold 1,682 shares of the business's stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.48% of the company's stock.

Axcelis Technologies Trading Up 0.5%

ACLS traded up $0.39 during trading on Friday, reaching $73.24. 87,634 shares of the company's stock were exchanged, compared to its average volume of 635,037. Axcelis Technologies, Inc. has a one year low of $40.40 and a one year high of $128.70. 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 stock has a market capitalization of $2.35 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 5.02 and a beta of 1.57. The firm has a fifty day moving average price of $67.23 and a two-hundred day moving average price of $61.35.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.65. The firm 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%. The company's revenue for the quarter was down 23.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.57 EPS. As a group, equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal 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.