American International Group Inc. increased its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 7.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 17,943 shares of the semiconductor company’s stock after buying an additional 1,184 shares during the period. American International Group Inc.’s holdings in Axcelis Technologies were worth $337,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Hood River Capital Management LLC boosted its stake in Axcelis Technologies by 39.9% in the first quarter. Hood River Capital Management LLC now owns 794,552 shares of the semiconductor company’s stock valued at $14,938,000 after buying an additional 226,611 shares in the last quarter. Norges Bank bought a new stake in Axcelis Technologies during the fourth quarter valued at about $2,082,000. EAM Investors LLC bought a new stake in Axcelis Technologies during the first quarter valued at about $2,623,000. Peregrine Capital Management LLC bought a new stake in Axcelis Technologies during the first quarter valued at about $1,892,000. Finally, Dimensional Fund Advisors LP boosted its stake in Axcelis Technologies by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,602,993 shares of the semiconductor company’s stock valued at $23,323,000 after buying an additional 82,443 shares in the last quarter. 77.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Axcelis Technologies, Inc. (ACLS) opened at 21.75 on Tuesday. The firm’s 50-day moving average is $22.67 and its 200 day moving average is $19.29. Axcelis Technologies, Inc. has a 1-year low of $10.74 and a 1-year high of $26.52. The company has a market cap of $654.57 million, a price-to-earnings ratio of 36.55 and a beta of 1.11.
Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by $0.01. The firm had revenue of $102.80 million during the quarter, compared to the consensus estimate of $100.07 million. Axcelis Technologies had a return on equity of 13.02% and a net margin of 9.10%. The firm’s revenue for the quarter was up 59.4% compared to the same quarter last year. During the same period last year, the business earned $0.10 earnings per share. Equities analysts expect that Axcelis Technologies, Inc. will post $1.23 EPS for the current fiscal year.
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ACLS has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a report on Wednesday, May 3rd. Wedbush upped their price target on shares of Axcelis Technologies from $23.00 to $27.00 in a report on Friday, June 16th. Benchmark Co. reiterated a “buy” rating and set a $21.00 target price on shares of Axcelis Technologies in a research note on Monday, April 10th. Needham & Company LLC reiterated a “buy” rating and set a $23.00 target price (up previously from $20.00) on shares of Axcelis Technologies in a research note on Friday, May 5th. Finally, Stifel Nicolaus lowered their target price on shares of Axcelis Technologies from $19.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $24.67.
In other Axcelis Technologies news, EVP William J. Bintz sold 86,242 shares of Axcelis Technologies stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $21.05, for a total transaction of $1,815,394.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mary G. Puma sold 187,500 shares of Axcelis Technologies stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $21.05, for a total value of $3,946,875.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 558,009 shares of company stock valued at $12,202,355. 5.66% of the stock is owned by company insiders.
About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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