BNP Paribas Financial Markets Boosts Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

BNP Paribas Financial Markets boosted its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,722 shares of the semiconductor company's stock after acquiring an additional 6,981 shares during the quarter. BNP Paribas Financial Markets owned 0.31% of Axcelis Technologies worth $13,322,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ACLS. Raymond James & Associates raised its position in shares of Axcelis Technologies by 7.8% during the third quarter. Raymond James & Associates now owns 18,393 shares of the semiconductor company's stock worth $2,999,000 after acquiring an additional 1,331 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Axcelis Technologies by 22.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,751 shares of the semiconductor company's stock worth $612,000 after purchasing an additional 700 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Axcelis Technologies by 153.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,957 shares of the semiconductor company's stock valued at $7,004,000 after purchasing an additional 26,038 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Axcelis Technologies by 7.1% during the third quarter. Teacher Retirement System of Texas now owns 16,283 shares of the semiconductor company's stock worth $2,655,000 after buying an additional 1,073 shares during the period. Finally, Annex Advisory Services LLC raised its stake in Axcelis Technologies by 12.2% during the third quarter. Annex Advisory Services LLC now owns 4,850 shares of the semiconductor company's stock worth $791,000 after buying an additional 528 shares during the last quarter. Institutional investors own 89.98% of the company's stock.

Insider Activity at Axcelis Technologies

In other news, EVP Douglas A. Lawson acquired 500 shares of the business's stock in a transaction on Friday, February 23rd. The shares were purchased at an average cost of $111.04 per share, with a total value of $55,520.00. Following the acquisition, the executive vice president now directly owns 19,648 shares of the company's stock, valued at $2,181,713.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ACLS has been the subject of several research analyst reports. Benchmark dropped their price objective on Axcelis Technologies from $180.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, May 3rd. B. Riley reduced their price objective on shares of Axcelis Technologies from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Friday, May 3rd. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research report on Friday, May 3rd. B. Riley Financial reduced their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a "buy" rating for the company in a report on Friday, February 9th. Finally, Craig Hallum raised shares of Axcelis Technologies from a "hold" rating to a "buy" rating and set a $130.00 price objective on the stock in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $169.00.

Axcelis Technologies Stock Up 0.6 %

ACLS traded up $0.63 during trading on Thursday, hitting $113.57. 412,183 shares of the company's stock were exchanged, compared to its average volume of 646,534. The stock has a market cap of $3.69 billion, a P/E ratio of 15.00, a PEG ratio of 1.29 and a beta of 1.64. The business's 50 day moving average is $107.81 and its two-hundred day moving average is $119.42. Axcelis Technologies, Inc. has a fifty-two week low of $93.77 and a fifty-two week high of $201.00. The company has a quick ratio of 2.87, a current ratio of 4.00 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its earnings results on Thursday, May 9th. The semiconductor company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.33. The company had revenue of $252.37 million for the quarter, compared to analyst estimates of $242.61 million. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. The firm's revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. As a group, equities analysts expect that Axcelis Technologies, Inc. will post 6.41 earnings per share for the current fiscal year.

About Axcelis Technologies

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.