Jump Financial LLC Buys New Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Jump Financial LLC purchased a new position in Axcelis Technologies, Inc. (NASDAQ:ACLSFree Report) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 2,836 shares of the semiconductor company’s stock, valued at approximately $462,000.

Several other large investors also recently bought and sold shares of ACLS. JPMorgan Chase & Co. increased its position in Axcelis Technologies by 24.8% in the first quarter. JPMorgan Chase & Co. now owns 55,943 shares of the semiconductor company’s stock worth $4,226,000 after purchasing an additional 11,111 shares during the last quarter. Bank of New York Mellon Corp increased its position in Axcelis Technologies by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 332,749 shares of the semiconductor company’s stock worth $25,133,000 after purchasing an additional 2,067 shares during the last quarter. American Century Companies Inc. bought a new stake in Axcelis Technologies in the first quarter worth $624,000. Cambridge Investment Research Advisors Inc. increased its position in Axcelis Technologies by 89.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,882 shares of the semiconductor company’s stock worth $595,000 after purchasing an additional 3,728 shares during the last quarter. Finally, Citigroup Inc. increased its position in Axcelis Technologies by 10.9% during the first quarter. Citigroup Inc. now owns 35,302 shares of the semiconductor company’s stock valued at $2,666,000 after acquiring an additional 3,484 shares during the last quarter. Institutional investors own 88.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ACLS shares. Bank of America downgraded shares of Axcelis Technologies from a “buy” rating to a “neutral” rating in a report on Friday, December 15th. B. Riley reduced their price objective on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday. Finally, B. Riley Financial reduced their price objective on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.43.

Check Out Our Latest Stock Report on ACLS

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS opened at $125.32 on Friday. The firm has a market cap of $4.10 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 0.98 and a beta of 1.69. The firm’s 50 day simple moving average is $128.00 and its 200-day simple moving average is $148.05. Axcelis Technologies, Inc. has a one year low of $105.28 and a one year high of $201.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.69 and a current ratio of 3.79.

Axcelis Technologies (NASDAQ:ACLSGet Free Report) last issued its earnings results on Thursday, February 8th. The semiconductor company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.17. The business had revenue of $310.29 million for the quarter, compared to analyst estimates of $297.92 million. Axcelis Technologies had a net margin of 21.78% and a return on equity of 31.66%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company posted $1.71 earnings per share. As a group, equities analysts predict that Axcelis Technologies, Inc. will post 7.68 EPS for the current year.

Axcelis Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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