Three Seasons Wealth LLC Makes New Investment in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Key Points

• Three Seasons Wealth LLC has acquired a new position in Axcelis Technologies, investing approximately $353,000 for 7,105 shares during the first quarter.
• B. Riley has raised its price target for Axcelis Technologies from $58.00 to $75.00, maintaining a "neutral" rating, while the company has an average price target of $90.00 among analysts.
• In the most recent quarterly earnings report, Axcelis Technologies posted an EPS of $1.04, significantly exceeding the consensus estimate of $0.39.

Three Seasons Wealth LLC bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,105 shares of the semiconductor company's stock, valued at approximately $353,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of Axcelis Technologies during the 4th quarter worth $397,000. Nisa Investment Advisors LLC raised its stake in Axcelis Technologies by 97.5% in the first quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock valued at $40,000 after buying an additional 393 shares in the last quarter. LPL Financial LLC lifted its holdings in Axcelis Technologies by 36.1% during the 4th quarter. LPL Financial LLC now owns 60,834 shares of the semiconductor company's stock worth $4,250,000 after buying an additional 16,152 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Axcelis Technologies in the 4th quarter valued at about $298,000. Finally, Homestead Advisers Corp raised its position in shares of Axcelis Technologies by 15.5% during the 1st quarter. Homestead Advisers Corp now owns 34,200 shares of the semiconductor company's stock worth $1,699,000 after acquiring an additional 4,600 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Stock Performance

NASDAQ:ACLS traded up $3.79 during mid-day trading on Thursday, reaching $79.51. 671,130 shares of the stock were exchanged, compared to its average volume of 549,273. The stock has a market capitalization of $2.50 billion, a P/E ratio of 16.26 and a beta of 1.58. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $117.57. The company has a 50 day simple moving average of $70.02 and a 200-day simple moving average of $61.49. The company has a quick ratio of 4.08, a current ratio of 6.01 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.40. The business had revenue of $194.54 million during the quarter, compared to the consensus estimate of $185.15 million. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%. The company's revenue was down 24.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 earnings per share. Analysts anticipate that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. B. Riley upped their price target on Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. DA Davidson boosted their price objective on shares of Axcelis Technologies from $75.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $90.00.

Insider Transactions at Axcelis Technologies

In other 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 completion of the sale, the director directly owned 35,050 shares of the company's stock, valued at approximately $2,170,646.50. This represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.