Federated Hermes Inc. Raises Stake in Axcelis Technologies, Inc. $ACLS

Federated Hermes Inc. increased its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 13.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 221,164 shares of the semiconductor company’s stock after buying an additional 26,972 shares during the period. Federated Hermes Inc.’s holdings in Axcelis Technologies were worth $15,413,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Axcelis Technologies by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 4,439,902 shares of the semiconductor company’s stock worth $220,530,000 after acquiring an additional 43,768 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Axcelis Technologies by 45.5% during the second quarter. American Century Companies Inc. now owns 1,659,463 shares of the semiconductor company’s stock valued at $115,648,000 after acquiring an additional 518,968 shares in the last quarter. Reinhart Partners LLC. grew its stake in Axcelis Technologies by 5.4% in the second quarter. Reinhart Partners LLC. now owns 1,518,544 shares of the semiconductor company’s stock worth $105,828,000 after purchasing an additional 77,522 shares in the last quarter. Primecap Management Co. CA increased its holdings in Axcelis Technologies by 2.1% during the 2nd quarter. Primecap Management Co. CA now owns 852,296 shares of the semiconductor company’s stock worth $59,397,000 after purchasing an additional 17,230 shares during the period. Finally, Boston Trust Walden Corp raised its position in Axcelis Technologies by 2.4% during the 2nd quarter. Boston Trust Walden Corp now owns 845,911 shares of the semiconductor company’s stock valued at $58,952,000 after purchasing an additional 19,579 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

Shares of Axcelis Technologies stock opened at $90.34 on Thursday. The company has a market capitalization of $2.80 billion, a PE ratio of 21.36 and a beta of 1.73. The company has a 50-day simple moving average of $83.50 and a two-hundred day simple moving average of $78.75. Axcelis Technologies, Inc. has a one year low of $40.40 and a one year high of $102.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.32 and a current ratio of 4.95.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share for the quarter. Axcelis Technologies had a net margin of 15.93% and a return on equity of 14.58%. The business had revenue of $252.42 million for the quarter. Research analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. DA Davidson increased their price target on Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Bank of America lowered shares of Axcelis Technologies from a “neutral” rating to an “underperform” rating and upped their price objective for the stock from $81.00 to $90.00 in a research note on Monday, October 13th. Benchmark raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research report on Thursday, October 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday. Finally, B. Riley lowered their price target on shares of Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $98.80.

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.