330,724 Shares in Axcelis Technologies, Inc. (NASDAQ:ACLS) Bought by Jackson Square Partners LLC

Jackson Square Partners LLC acquired a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 330,724 shares of the semiconductor company's stock, valued at approximately $42,892,000. Jackson Square Partners LLC owned approximately 1.01% of Axcelis Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ACLS. Westfield Capital Management Co. LP purchased a new stake in shares of Axcelis Technologies during the third quarter valued at approximately $40,425,000. Rafferty Asset Management LLC purchased a new stake in Axcelis Technologies in the third quarter worth $28,924,000. Qube Research & Technologies Ltd purchased a new stake in Axcelis Technologies in the third quarter worth $23,445,000. Invesco Ltd. increased its position in Axcelis Technologies by 17.1% in the third quarter. Invesco Ltd. now owns 970,409 shares of the semiconductor company's stock worth $158,225,000 after buying an additional 141,372 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Axcelis Technologies by 32.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 413,478 shares of the semiconductor company's stock worth $67,418,000 after buying an additional 101,944 shares during the last quarter. Institutional investors own 89.98% of the company's stock.

Wall Street Analyst Weigh In

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

Axcelis Technologies Price Performance

NASDAQ:ACLS traded down $0.34 during trading hours on Friday, hitting $113.23. 288,917 shares of the company's stock traded hands, compared to its average volume of 524,758. The firm has a market cap of $3.68 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.31 and a beta of 1.64. Axcelis Technologies, Inc. has a 52 week low of $93.77 and a 52 week high of $201.00. The business's fifty day simple moving average is $107.73 and its two-hundred day simple moving average is $119.29. 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 issued its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.33. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The firm had revenue of $252.37 million during the quarter, compared to analyst estimates of $242.61 million. During the same quarter in the previous year, the company posted $1.43 earnings per share. The company's revenue was down .6% compared to the same quarter last year. On average, research analysts anticipate that Axcelis Technologies, Inc. will post 6.41 earnings per share for the current fiscal year.

Insider Transactions at Axcelis Technologies

In related news, EVP Douglas A. Lawson acquired 500 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the completion of the acquisition, the executive vice president now owns 19,648 shares in the company, valued at $2,181,713.92. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.43% of the company's stock.

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.