Axcelis Technologies, Inc. (NASDAQ:ACLS) Stake Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,191 shares of the semiconductor company’s stock after purchasing an additional 440 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Axcelis Technologies were worth $544,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Ronald Blue Trust Inc. lifted its holdings in shares of Axcelis Technologies by 74.7% in the third quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Axcelis Technologies by 27.5% in the fourth quarter. Bessemer Group Inc. now owns 389 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 84 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Axcelis Technologies by 2.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,140 shares of the semiconductor company’s stock worth $418,000 after acquiring an additional 84 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in shares of Axcelis Technologies by 1.0% in the first quarter. Ensign Peak Advisors Inc now owns 10,540 shares of the semiconductor company’s stock worth $1,404,000 after acquiring an additional 100 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Axcelis Technologies by 1.3% in the third quarter. Arizona State Retirement System now owns 9,313 shares of the semiconductor company’s stock worth $1,518,000 after acquiring an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analyst Ratings Changes

ACLS has been the topic of several analyst reports. B. Riley lowered their target price 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, February 9th. B. Riley Financial lowered their target price 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, February 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $189.00.

Axcelis Technologies Trading Down 3.4 %

Shares of NASDAQ:ACLS opened at $98.25 on Friday. 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 stock’s 50-day moving average is $111.05 and its 200-day moving average is $126.13. Axcelis Technologies, Inc. has a 52-week low of $98.04 and a 52-week high of $201.00. The company has a market cap of $3.20 billion, a P/E ratio of 13.22, a P/E/G ratio of 2.22 and a beta of 1.63.

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

Insider Activity at Axcelis Technologies

In related news, EVP Douglas A. Lawson bought 500 shares of Axcelis Technologies stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the completion of the purchase, the executive vice president now owns 19,648 shares in the company, valued at $2,181,713.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.43% of the stock is owned by corporate insiders.

About Axcelis Technologies

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.