CoreCap Advisors LLC Takes $325,000 Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

CoreCap Advisors LLC purchased a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLSFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,506 shares of the semiconductor company’s stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ziegler Capital Management LLC purchased a new position in shares of Axcelis Technologies in the 4th quarter valued at $2,514,000. Nordea Investment Management AB grew its stake in Axcelis Technologies by 15.0% during the 4th quarter. Nordea Investment Management AB now owns 2,206 shares of the semiconductor company’s stock worth $286,000 after buying an additional 287 shares during the last quarter. First Hawaiian Bank purchased a new position in Axcelis Technologies during the 4th quarter worth $339,000. American Century Companies Inc. grew its stake in Axcelis Technologies by 17.3% during the 3rd quarter. American Century Companies Inc. now owns 156,026 shares of the semiconductor company’s stock worth $25,440,000 after buying an additional 23,044 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Axcelis Technologies during the 3rd quarter worth $480,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on ACLS. B. Riley dropped their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. Bank of America downgraded Axcelis Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, December 15th. Finally, B. Riley Financial dropped their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.83.

Read Our Latest Analysis on Axcelis Technologies

Insider Activity

In related news, EVP Douglas A. Lawson acquired 500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was acquired at an average price 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 in the company, valued at approximately $2,181,713.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.43% of the company’s stock.

Axcelis Technologies Stock Down 1.4 %

Axcelis Technologies stock opened at $108.04 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.71 and a current ratio of 3.79. The business’s 50-day simple moving average is $119.52 and its two-hundred day simple moving average is $132.63. The company has a market cap of $3.53 billion, a PE ratio of 14.54, a PEG ratio of 2.40 and a beta of 1.64. Axcelis Technologies, Inc. has a fifty-two week low of $105.28 and a fifty-two week high of $201.00.

Axcelis Technologies (NASDAQ:ACLSGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.17. The business had revenue of $310.29 million during the quarter, compared to analysts’ expectations of $297.92 million. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 EPS. Equities analysts anticipate that Axcelis Technologies, Inc. will post 6.88 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.

Further Reading

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

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