Three Seasons Wealth LLC Takes $353,000 Position 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 Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,105 shares of the semiconductor company's stock, valued at approximately $353,000.

Several other large investors have also added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its position in shares of Axcelis Technologies by 160.5% during the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 358 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Axcelis Technologies by 118.7% during the 1st quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 317 shares during the last quarter. Quarry LP boosted its position in shares of Axcelis Technologies by 1,387.5% during the 4th quarter. Quarry LP now owns 714 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 666 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Axcelis Technologies during the 1st quarter valued at about $38,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Axcelis Technologies by 97.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock valued at $40,000 after acquiring an additional 393 shares during the last quarter. Institutional investors own 89.98% of the company's stock.

Axcelis Technologies Price Performance

Shares of NASDAQ ACLS traded down $0.09 during trading hours on Friday, reaching $79.42. 389,989 shares of the stock traded hands, compared to its average volume of 564,253. The company has a market capitalization of $2.50 billion, a P/E ratio of 16.24 and a beta of 1.58. 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, Inc. has a 52-week low of $40.40 and a 52-week high of $117.57. The company's 50-day simple moving average is $70.49 and its two-hundred day simple moving average is $61.55.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.40. The business had revenue of $194.54 million for the quarter, compared to analysts' expectations of $185.15 million. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%. The business's quarterly revenue was down 24.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. Equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,682 shares of Axcelis Technologies stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $61.93, for a total value of $104,166.26. Following the transaction, the director directly owned 35,050 shares of the company's stock, 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 Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is owned by company 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.