KLP Kapitalforvaltning AS Grows Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

KLP Kapitalforvaltning AS boosted its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 70.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,100 shares of the semiconductor company's stock after purchasing an additional 4,600 shares during the period. KLP Kapitalforvaltning AS's holdings in Axcelis Technologies were worth $551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in shares of Axcelis Technologies by 160.5% in the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 358 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Axcelis Technologies by 118.7% in the 1st quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 317 shares during the last quarter. Quarry LP lifted its stake in shares of Axcelis Technologies by 1,387.5% in the 4th quarter. Quarry LP now owns 714 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 666 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Axcelis Technologies by 97.5% in the first quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 393 shares during the period. Finally, Sound Income Strategies LLC acquired a new stake in Axcelis Technologies in the first quarter valued at $44,000. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Stock Down 7.1%

Shares of ACLS stock traded down $5.20 on Thursday, reaching $67.69. 757,903 shares of the company were exchanged, compared to its average volume of 390,362. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 12.40 and a beta of 1.57. The company has a 50-day moving average of $68.23 and a 200-day moving average of $61.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.56 and a quick ratio of 4.08. Axcelis Technologies, Inc. has a one year low of $40.40 and a one year high of $127.88.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings data 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 company had revenue of $192.56 million for the quarter, compared to analysts' expectations of $184.86 million. Axcelis Technologies had a net margin of 18.58% and a return on equity of 18.55%. The business's revenue was down 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 EPS. Analysts anticipate that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Insiders Place Their Bets

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,682 shares of Axcelis Technologies stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $61.93, for a total transaction of $104,166.26. Following the transaction, the director owned 35,050 shares of the company's stock, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley increased their price objective 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 one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $118.33.

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.