Private Advisor Group LLC Purchases 47,510 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Private Advisor Group LLC increased its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 783.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 53,575 shares of the semiconductor company's stock after buying an additional 47,510 shares during the quarter. Private Advisor Group LLC owned 0.17% of Axcelis Technologies worth $2,661,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in 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 purchasing an additional 173 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Axcelis Technologies by 160.5% during the first quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 358 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Axcelis Technologies by 118.7% during the first 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. Quarry LP lifted its holdings in Axcelis Technologies by 1,387.5% during the fourth quarter. Quarry LP now owns 714 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 666 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Axcelis Technologies by 97.5% during 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 last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley increased 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 one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Axcelis Technologies presently has a consensus rating of "Hold" and an average price target of $118.33.

Axcelis Technologies Price Performance

Axcelis Technologies stock traded up $0.55 during mid-day trading on Friday, hitting $73.40. 246,529 shares of the company traded hands, compared to its average volume of 442,855. Axcelis Technologies, Inc. has a one year low of $40.40 and a one year high of $128.70. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 4.89 and a beta of 1.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.08 and a current ratio of 5.56. The stock has a fifty day moving average price of $67.47 and a 200-day moving average price of $61.35.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $1.57 earnings per share. Axcelis Technologies's revenue for the quarter was down 23.7% on a year-over-year basis. On average, equities analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Axcelis Technologies

In other news, Director John T. Kurtzweil sold 1,682 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $61.93, for a total value of $104,166.26. Following the completion of the sale, the director directly owned 35,050 shares in the company, 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 hyperlink. Insiders own 0.48% of the company's stock.

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.