New Insight Wealth Advisors Buys Shares of 31,847 Axcelis Technologies, Inc. (NASDAQ:ACLS)

New Insight Wealth Advisors bought a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 31,847 shares of the semiconductor company's stock, valued at approximately $1,582,000. Axcelis Technologies makes up 0.7% of New Insight Wealth Advisors' investment portfolio, making the stock its 29th largest position. New Insight Wealth Advisors owned 0.10% of Axcelis Technologies as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Axcelis Technologies by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,396,134 shares of the semiconductor company's stock valued at $307,158,000 after acquiring an additional 106,203 shares during the period. Reinhart Partners LLC. lifted its stake in shares of Axcelis Technologies by 39.1% in the 1st quarter. Reinhart Partners LLC. now owns 1,441,022 shares of the semiconductor company's stock valued at $71,576,000 after purchasing an additional 404,910 shares during the period. American Century Companies Inc. lifted its stake in shares of Axcelis Technologies by 37.8% in the 4th quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company's stock valued at $74,069,000 after purchasing an additional 290,678 shares during the period. Geode Capital Management LLC increased its holdings in Axcelis Technologies by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 897,750 shares of the semiconductor company's stock worth $62,738,000 after acquiring an additional 23,234 shares in the last quarter. Finally, Boston Trust Walden Corp increased its holdings in Axcelis Technologies by 0.8% in the 1st quarter. Boston Trust Walden Corp now owns 826,332 shares of the semiconductor company's stock worth $41,044,000 after acquiring an additional 6,216 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Price Performance

NASDAQ ACLS traded down $0.79 on Friday, hitting $74.86. The company had a trading volume of 378,898 shares, compared to its average volume of 649,633. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $153.70. The company has a market capitalization of $2.41 billion, a PE ratio of 13.71, a PEG ratio of 5.08 and a beta of 1.57. The company's fifty day moving average price is $64.77 and its 200-day moving average price is $61.26. 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 (NASDAQ:ACLS - Get Free Report) last released its earnings results 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. Axcelis Technologies had a net margin of 18.58% and a return on equity of 18.55%. The business had revenue of $192.56 million during the quarter, compared to analyst estimates of $184.86 million. During the same quarter in the prior year, the firm earned $1.57 earnings per share. The company's revenue for the quarter was down 23.7% compared to the same quarter last year. As a group, analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Analyst Ratings Changes

Separately, 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $132.50.

Insider Activity

In other news, Director John T. Kurtzweil sold 1,682 shares of the business's stock in a transaction dated 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 approximately $2,170,646.50. The trade was a 4.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.48% of the stock is owned by insiders.

Axcelis Technologies 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.