New Insight Wealth Advisors Makes New $1.58 Million Investment in Axcelis Technologies, Inc. (NASDAQ:ACLS)

New Insight Wealth Advisors acquired a new stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,847 shares of the semiconductor company's stock, valued at approximately $1,582,000. Axcelis Technologies accounts for 0.7% of New Insight Wealth Advisors' portfolio, making the stock its 29th biggest position. New Insight Wealth Advisors owned approximately 0.10% of Axcelis Technologies as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in shares of Axcelis Technologies by 90.6% during the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 173 shares during the period. Fifth Third Bancorp increased its stake in shares of Axcelis Technologies by 160.5% in the first quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock valued at $29,000 after buying an additional 358 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Axcelis Technologies by 118.7% in the first quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock valued at $29,000 after buying an additional 317 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Axcelis Technologies by 184.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock valued at $47,000 after buying an additional 433 shares in the last quarter. Finally, Quarry LP increased its stake in shares of Axcelis Technologies by 1,387.5% in the fourth quarter. Quarry LP now owns 714 shares of the semiconductor company's stock valued at $50,000 after buying an additional 666 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

Axcelis Technologies Stock Up 0.2%

Shares of NASDAQ ACLS traded up $0.16 during trading hours on Wednesday, hitting $74.37. The company had a trading volume of 330,379 shares, compared to its average volume of 654,451. The stock has a market capitalization of $2.39 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 4.76 and a beta of 1.57. 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 $158.61. The firm's 50 day moving average is $63.28 and its 200-day moving average is $61.11.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported $1.04 EPS 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%. The firm's revenue for the quarter was down 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 EPS. On average, analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

Separately, B. Riley raised their target price on Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Five 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.com, the company has an average rating of "Hold" and a consensus price target of $136.00.

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 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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.48% of the stock is owned by corporate insiders.

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.