Private Advisor Group LLC Grows Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Private Advisor Group LLC raised its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 783.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,575 shares of the semiconductor company's stock after buying an additional 47,510 shares during the period. Private Advisor Group LLC owned about 0.17% of Axcelis Technologies worth $2,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Axcelis Technologies by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 4,396,134 shares of the semiconductor company's stock valued at $307,158,000 after purchasing an additional 106,203 shares in the last quarter. Reinhart Partners LLC. raised its holdings 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 in the last quarter. American Century Companies Inc. raised its holdings 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of Axcelis Technologies by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 897,750 shares of the semiconductor company's stock valued at $62,738,000 after purchasing an additional 23,234 shares in the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of Axcelis Technologies by 0.8% in the 1st quarter. Boston Trust Walden Corp now owns 826,332 shares of the semiconductor company's stock valued at $41,044,000 after purchasing an additional 6,216 shares in 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 boosted their price target on shares of Axcelis Technologies from $58.00 to $75.00 and gave the company 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. According to data from MarketBeat, Axcelis Technologies has an average rating of "Hold" and a consensus target price of $118.33.

Insiders Place Their Bets

In other Axcelis Technologies 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 transaction of $104,166.26. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.48% of the company's stock.

Axcelis Technologies Stock Up 0.8%

Shares of Axcelis Technologies stock traded up $0.55 on Friday, reaching $73.40. The stock had a trading volume of 246,529 shares, compared to its average volume of 442,855. The company has a 50 day moving average price of $67.47 and a 200 day moving average price of $61.27. 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 $128.70. The stock has a market capitalization of $2.36 billion, a P/E ratio of 13.44, a P/E/G ratio of 4.92 and a beta of 1.57.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued 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. 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 the consensus estimate of $184.86 million. During the same quarter in the previous year, the firm earned $1.57 EPS. The company's quarterly revenue was down 23.7% compared to the same quarter last year. As a group, equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

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.