Universal Beteiligungs und Servicegesellschaft mbH Takes $701,000 Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $701,000 in Axcelis Technologies by acquiring 14,109 shares in the first quarter.
• Institutional investors now own 89.98% of Axcelis Technologies' stock, reflecting significant interest from various financial entities.
• B. Riley has raised Axcelis Technologies' price target from $58 to $75 while maintaining a "neutral" rating on the stock.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,109 shares of the semiconductor company's stock, valued at approximately $701,000.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in Axcelis Technologies by 160.5% in 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 in the last quarter. Versant Capital Management Inc lifted its position in Axcelis Technologies by 118.7% in 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 in the last quarter. Quarry LP lifted its position in Axcelis Technologies by 1,387.5% in 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 in the last quarter. Nisa Investment Advisors LLC increased its stake in Axcelis Technologies by 97.5% in the 1st 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 during the last quarter. Finally, Sound Income Strategies LLC bought a new stake in Axcelis Technologies during the 1st quarter worth about $44,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Axcelis Technologies Stock Performance

Axcelis Technologies stock traded down $2.68 during trading hours on Wednesday, hitting $75.34. The company had a trading volume of 653,836 shares, compared to its average volume of 639,547. The firm has a market cap of $2.42 billion, a PE ratio of 13.80 and a beta of 1.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.56 and a quick ratio of 4.08. Axcelis Technologies, Inc. has a one year low of $40.40 and a one year high of $117.57. The firm has a 50-day moving average of $69.23 and a 200 day moving average of $61.34.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.40. The business had revenue of $194.54 million for the quarter, compared to analyst estimates of $185.15 million. Axcelis Technologies had a net margin of 18.58% and a return on equity of 18.55%. The firm's revenue for the quarter was down 24.2% on a year-over-year basis. During the same quarter last year, the business posted $1.55 EPS. On average, sell-side analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Analyst Ratings Changes

Separately, B. Riley boosted their price objective 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 one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $90.00.

Insiders Place Their Bets

In related news, Director John T. Kurtzweil sold 1,682 shares of Axcelis Technologies stock in a transaction 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 completion of the transaction, the director owned 35,050 shares of the company's stock, valued at $2,170,646.50. This trade 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 available at the SEC website. 0.48% of the stock is owned by corporate 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.