Entropy Technologies LP Takes $288,000 Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Entropy Technologies LP acquired a new stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,800 shares of the semiconductor company's stock, valued at approximately $288,000.

A number of other hedge funds have also recently made changes to their positions in the business. Bank of Montreal Can grew its holdings in shares of Axcelis Technologies by 3.9% during the fourth quarter. Bank of Montreal Can now owns 4,540 shares of the semiconductor company's stock valued at $317,000 after buying an additional 170 shares during the last quarter. Perkins Coie Trust Co boosted its holdings in Axcelis Technologies by 9.2% during the first quarter. Perkins Coie Trust Co now owns 2,675 shares of the semiconductor company's stock worth $133,000 after purchasing an additional 225 shares during the last quarter. Eagle Bay Advisors LLC boosted its holdings in Axcelis Technologies by 3.8% during the first quarter. Eagle Bay Advisors LLC now owns 7,585 shares of the semiconductor company's stock worth $377,000 after purchasing an additional 275 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Axcelis Technologies by 118.7% during the first quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 317 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Axcelis Technologies by 160.5% during the first quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 358 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,682 shares of Axcelis Technologies stock in a transaction dated 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 of the company's stock, valued at approximately $2,170,646.50. The trade was a 4.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.48% of the company's stock.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $83.75 on Friday. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 17.13 and a beta of 1.58. 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, Inc. has a 52 week low of $40.40 and a 52 week high of $117.57. The firm's 50-day simple moving average is $72.30 and its two-hundred day simple moving average is $61.87.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.73 by $0.40. The business had revenue of $194.54 million for the quarter, compared to analyst estimates of $185.15 million. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. The company's revenue for the quarter was down 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 earnings per share. As a group, equities analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ACLS. DA Davidson boosted their price target on shares of Axcelis Technologies from $75.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. B. Riley boosted their price target 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.

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