Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 77.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,615 shares of the semiconductor company's stock after acquiring an additional 8,988 shares during the quarter. Federated Hermes Inc. owned approximately 0.06% of Axcelis Technologies worth $2,674,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Axcelis Technologies in the third quarter worth $28,000. Clearstead Advisors LLC purchased a new stake in shares of Axcelis Technologies in the third quarter valued at $33,000. Rakuten Securities Inc. purchased a new stake in shares of Axcelis Technologies in the fourth quarter valued at $27,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Axcelis Technologies in the third quarter valued at $34,000. Finally, Blue Trust Inc. grew its position in shares of Axcelis Technologies by 100.7% in the fourth quarter. Blue Trust Inc. now owns 305 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 153 shares during the period. 89.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. B. Riley Financial lowered their price objective on Axcelis Technologies from $180.00 to $165.00 and set a "buy" rating for the company in a research report on Friday, February 9th. B. Riley lowered their price objective on Axcelis Technologies from $180.00 to $165.00 and set a "buy" rating for the company in a research report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Axcelis Technologies has a consensus rating of "Moderate Buy" and an average target price of $189.00.

Insider Buying and Selling at Axcelis Technologies

In other news, EVP Douglas A. Lawson purchased 500 shares of the stock in a transaction on Friday, February 23rd. The stock was purchased at an average price of $111.04 per share, with a total value of $55,520.00. Following the completion of the transaction, the executive vice president now owns 19,648 shares in the company, valued at $2,181,713.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.43% of the stock is owned by company insiders.

Axcelis Technologies Trading Up 3.1 %

ACLS stock traded up $3.06 during trading on Friday, reaching $103.06. 428,453 shares of the stock traded hands, compared to its average volume of 487,907. The business's 50 day moving average price is $108.41 and its 200-day moving average price is $122.94. Axcelis Technologies, Inc. has a 52-week low of $93.77 and a 52-week high of $201.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.79 and a quick ratio of 2.71. The firm has a market capitalization of $3.36 billion, a PE ratio of 13.87, a P/E/G ratio of 1.11 and a beta of 1.63.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.17. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The firm had revenue of $310.29 million during the quarter, compared to the consensus estimate of $297.92 million. During the same quarter in the previous year, the business earned $1.71 earnings per share. The firm's quarterly revenue was up 16.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Axcelis Technologies, Inc. will post 6.88 earnings per share 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.