New Insight Wealth Advisors Takes Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

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

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Axcelis Technologies in the fourth quarter worth about $397,000. LPL Financial LLC lifted its holdings in shares of Axcelis Technologies by 36.1% in the 4th quarter. LPL Financial LLC now owns 60,834 shares of the semiconductor company's stock worth $4,250,000 after acquiring an additional 16,152 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Axcelis Technologies in the 4th quarter worth approximately $298,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Axcelis Technologies by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,936 shares of the semiconductor company's stock worth $25,847,000 after acquiring an additional 22,913 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Axcelis Technologies by 184.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.

Axcelis Technologies Stock Down 1.0%

Shares of ACLS stock traded down $0.79 during mid-day trading on Friday, reaching $74.86. 378,898 shares of the company's stock traded hands, compared to its average volume of 649,655. Axcelis Technologies, Inc. has a 12 month low of $40.40 and a 12 month high of $152.65. The company has a market cap of $2.41 billion, a P/E ratio of 13.71, a P/E/G ratio of 5.02 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. The company's 50-day moving average price is $64.77 and its 200-day moving average price is $61.18.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 EPS for the quarter, beating 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 firm had revenue of $192.56 million for the quarter, compared to analysts' expectations of $184.86 million. During the same quarter in the previous year, the business posted $1.57 EPS. The company's quarterly revenue was down 23.7% on a year-over-year basis. On average, equities analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley lifted their target price on shares of Axcelis Technologies from $58.00 to $75.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Axcelis Technologies has an average rating of "Hold" and an average target price of $132.50.

Insider Transactions at Axcelis Technologies

In related news, Director John T. Kurtzweil sold 1,682 shares of the company's 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 transaction, the director owned 35,050 shares in the company, valued at $2,170,646.50. The trade was a 4.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.48% of the stock is currently owned by 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.