Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Bought by Homestead Advisers Corp

Homestead Advisers Corp lifted its holdings 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 institutional investor owned 34,200 shares of the semiconductor company's stock after acquiring an additional 4,600 shares during the quarter. Homestead Advisers Corp owned about 0.11% of Axcelis Technologies worth $1,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Axcelis Technologies in the 4th quarter valued at approximately $397,000. Swiss National Bank increased its stake in shares of Axcelis Technologies by 0.9% during the 4th quarter. Swiss National Bank now owns 64,100 shares of the semiconductor company's stock worth $4,479,000 after purchasing an additional 600 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Axcelis Technologies by 10.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,686 shares of the semiconductor company's stock worth $747,000 after purchasing an additional 1,008 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Axcelis Technologies during the 4th quarter worth $213,000. Finally, Signaturefd LLC boosted 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 buying an additional 173 shares during the period. Institutional investors and hedge funds own 89.98% of the company's stock.

Insider Transactions at Axcelis Technologies

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,682 shares of the firm'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 sale, the director owned 35,050 shares in the company, valued at approximately $2,170,646.50. This trade represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Axcelis Technologies Price Performance

Shares of NASDAQ:ACLS traded down $0.39 during trading on Tuesday, hitting $74.16. 103,771 shares of the stock were exchanged, compared to its average volume of 641,561. The company has a fifty day moving average price of $66.29 and a two-hundred day moving average price of $61.15. The company has a market cap of $2.38 billion, a PE ratio of 13.58, a P/E/G ratio of 4.76 and a beta of 1.57. The company has a current ratio of 5.56, a quick ratio of 4.08 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $137.99.

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 for the quarter, beating the consensus estimate of $0.39 by $0.65. The company had revenue of $192.56 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 EPS. On average, analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.