Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 60.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,582 shares of the semiconductor company's stock after purchasing an additional 52,757 shares during the period. Harbor Capital Advisors Inc. owned about 0.44% of Axcelis Technologies worth $6,983,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ACLS. Perkins Coie Trust Co boosted its holdings in shares of Axcelis Technologies by 9.2% in the first quarter. Perkins Coie Trust Co now owns 2,675 shares of the semiconductor company's stock worth $133,000 after acquiring an additional 225 shares during the period. Reinhart Partners LLC. raised its position in shares of Axcelis Technologies by 39.1% during the 1st quarter. Reinhart Partners LLC. now owns 1,441,022 shares of the semiconductor company's stock valued at $71,576,000 after buying an additional 404,910 shares in the last quarter. Rhumbline Advisers lifted its stake in Axcelis Technologies by 6.4% during the first quarter. Rhumbline Advisers now owns 96,647 shares of the semiconductor company's stock worth $4,800,000 after purchasing an additional 5,805 shares during the last quarter. GAMMA Investing LLC lifted its position in Axcelis Technologies by 9,286.1% in the 1st quarter. GAMMA Investing LLC now owns 78,280 shares of the semiconductor company's stock worth $3,888,000 after buying an additional 77,446 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Axcelis Technologies by 118.7% during the 1st quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 317 shares during the last quarter. Institutional investors own 89.98% of the company's stock.

Axcelis Technologies Stock Performance

Axcelis Technologies stock traded down $3.84 during mid-day trading on Friday, hitting $65.07. The company had a trading volume of 776,624 shares, compared to its average volume of 656,594. The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 4.52 and a beta of 1.52. The company's fifty day moving average is $54.93 and its 200-day moving average is $61.80. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $158.61.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.65. The business had revenue of $192.56 million during the quarter, compared to analyst estimates of $184.86 million. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. The business's revenue was down 23.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.57 earnings per share. Equities research analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Axcelis Technologies declared that its board has initiated a stock buyback program on Wednesday, March 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the semiconductor company to buy up to 5.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Separately, B. Riley reaffirmed a "neutral" rating and set a $50.00 price target (down previously from $80.00) on shares of Axcelis Technologies in a research report on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $131.00.

Insider Buying and Selling

In related news, Director John T. Kurtzweil sold 1,682 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $61.93, for a total transaction of $104,166.26. Following the transaction, the director now owns 35,050 shares in the company, valued at $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 the SEC website. Insiders own 0.48% of the company's stock.

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.