Beck Capital Management LLC Invests $1.08 Million in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Beck Capital Management LLC acquired a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,127 shares of the semiconductor company’s stock, valued at approximately $1,083,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp boosted its position in Axcelis Technologies by 83.7% during the 1st quarter. Fifth Third Bancorp now owns 191 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 87 shares during the period. Altshuler Shaham Ltd acquired a new stake in shares of Axcelis Technologies during the first quarter worth approximately $31,000. Belpointe Asset Management LLC purchased a new position in Axcelis Technologies during the fourth quarter valued at approximately $25,000. Money Concepts Capital Corp acquired a new position in Axcelis Technologies in the 4th quarter valued at approximately $30,000. Finally, Bessemer Group Inc. lifted its position in Axcelis Technologies by 27.5% in the 4th quarter. Bessemer Group Inc. now owns 389 shares of the semiconductor company’s stock worth $31,000 after buying an additional 84 shares in the last quarter. 88.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Axcelis Technologies

In other news, Director Jeanne Quirk sold 900 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $177.41, for a total value of $159,669.00. Following the sale, the director now owns 7,782 shares in the company, valued at $1,380,604.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Douglas A. Lawson sold 375 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $177.45, for a total value of $66,543.75. Following the completion of the sale, the executive vice president now owns 18,342 shares in the company, valued at $3,254,787.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeanne Quirk sold 900 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $177.41, for a total value of $159,669.00. Following the transaction, the director now owns 7,782 shares in the company, valued at $1,380,604.62. The disclosure for this sale can be found here. Insiders sold a total of 13,075 shares of company stock worth $2,371,453 over the last three months. 1.43% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on ACLS shares. William Blair began coverage on Axcelis Technologies in a research report on Monday, June 5th. They set an “outperform” rating for the company. B. Riley raised their price objective on shares of Axcelis Technologies from $165.00 to $225.00 in a research report on Monday, July 17th. B. Riley Financial lifted their target price on shares of Axcelis Technologies from $165.00 to $225.00 in a research note on Monday, July 17th. Craig Hallum lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating and increased their price target for the stock from $140.00 to $175.00 in a research note on Friday, August 4th. Finally, Needham & Company LLC lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Three research 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, Axcelis Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $182.14.

Axcelis Technologies Stock Performance

NASDAQ:ACLS traded down $3.71 during midday trading on Friday, reaching $176.76. The stock had a trading volume of 393,129 shares, compared to its average volume of 398,202. The stock has a market capitalization of $5.80 billion, a P/E ratio of 28.46 and a beta of 1.74. Axcelis Technologies, Inc. has a 1-year low of $49.78 and a 1-year high of $201.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.82 and a quick ratio of 2.62. The firm’s fifty day simple moving average is $179.43 and its 200-day simple moving average is $153.51.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.40. Axcelis Technologies had a return on equity of 30.29% and a net margin of 20.19%. The company had revenue of $273.97 million for the quarter, compared to the consensus estimate of $256.68 million. During the same period last year, the business posted $1.32 earnings per share. The firm’s revenue was up 23.9% compared to the same quarter last year. On average, equities research analysts forecast that Axcelis Technologies, Inc. will post 6.99 EPS for the current fiscal year.

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.