Bridges Investment Management Inc. Acquires 14,589 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Bridges Investment Management Inc. boosted its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 130.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,793 shares of the semiconductor company's stock after purchasing an additional 14,589 shares during the period. Bridges Investment Management Inc. owned approximately 0.08% of Axcelis Technologies worth $1,281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in Axcelis Technologies by 184.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock valued at $47,000 after acquiring an additional 433 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Axcelis Technologies by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,936 shares of the semiconductor company's stock worth $25,847,000 after purchasing an additional 22,913 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Axcelis Technologies during the fourth quarter valued at approximately $397,000. Amundi lifted its stake in Axcelis Technologies by 15.1% during the fourth quarter. Amundi now owns 489,251 shares of the semiconductor company's stock valued at $35,764,000 after purchasing an additional 64,256 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Axcelis Technologies by 0.9% during the fourth quarter. Swiss National Bank now owns 64,100 shares of the semiconductor company's stock worth $4,479,000 after buying an additional 600 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their price target on Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $132.50.

Axcelis Technologies Trading Down 1.0%

Shares of Axcelis Technologies stock traded down $0.79 during trading on Friday, hitting $74.86. The stock had a trading volume of 378,898 shares, compared to its average volume of 649,655. The company has a market capitalization of $2.41 billion, a PE ratio of 13.71, a P/E/G ratio of 5.02 and a beta of 1.57. The stock has a 50 day simple moving average of $64.77 and a 200 day simple moving average of $61.18. The company has a quick ratio of 4.08, a current ratio of 5.56 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $152.65.

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

Insider Activity

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,682 shares of the business's 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 transaction, the director owned 35,050 shares in the company, valued at $2,170,646.50. The trade was a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.48% of the company's stock.

About Axcelis Technologies

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.