Raymond James & Associates Takes Position in Axcelis Technologies Inc (ACLS)

Raymond James & Associates purchased a new position in Axcelis Technologies Inc (NASDAQ:ACLS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 89,802 shares of the semiconductor company’s stock, valued at approximately $1,778,000. Raymond James & Associates owned approximately 0.28% of Axcelis Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. Alps Advisors Inc. boosted its holdings in Axcelis Technologies by 13.4% in the second quarter. Alps Advisors Inc. now owns 20,773 shares of the semiconductor company’s stock worth $596,000 after acquiring an additional 2,457 shares in the last quarter. Globeflex Capital L P boosted its holdings in Axcelis Technologies by 13.6% in the second quarter. Globeflex Capital L P now owns 22,600 shares of the semiconductor company’s stock worth $447,000 after acquiring an additional 2,700 shares in the last quarter. Legal & General Group Plc boosted its holdings in Axcelis Technologies by 4.8% in the first quarter. Legal & General Group Plc now owns 59,434 shares of the semiconductor company’s stock worth $1,441,000 after acquiring an additional 2,747 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in Axcelis Technologies by 34.9% in the second quarter. OppenheimerFunds Inc. now owns 13,469 shares of the semiconductor company’s stock worth $267,000 after acquiring an additional 3,486 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Axcelis Technologies by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 171,176 shares of the semiconductor company’s stock worth $3,390,000 after acquiring an additional 3,618 shares in the last quarter. Institutional investors and hedge funds own 84.59% of the company’s stock.

ACLS stock opened at $16.90 on Friday. Axcelis Technologies Inc has a twelve month low of $16.65 and a twelve month high of $37.05. The company has a market capitalization of $635.79 million, a PE ratio of 11.61 and a beta of 0.84.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Thursday, August 2nd. The semiconductor company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.08. Axcelis Technologies had a return on equity of 16.84% and a net margin of 28.57%. The company had revenue of $119.30 million for the quarter, compared to analyst estimates of $116.33 million. During the same quarter last year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, sell-side analysts forecast that Axcelis Technologies Inc will post 1.33 EPS for the current fiscal year.

Several research analysts have issued reports on the company. Northland Securities assumed coverage on Axcelis Technologies in a report on Wednesday, June 20th. They issued an “outperform” rating and a $28.00 price target on the stock. BidaskClub upgraded Axcelis Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Zacks Investment Research lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. ValuEngine lowered Axcelis Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. Finally, Benchmark reiterated a “buy” rating and issued a $32.00 price target on shares of Axcelis Technologies in a report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Axcelis Technologies has an average rating of “Hold” and a consensus price target of $29.50.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides dry strip equipment, curing systems, and thermal processing systems.

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

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