Signaturefd LLC Has $30,000 Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Signaturefd LLC grew its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 348.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 211 shares of the semiconductor company’s stock after buying an additional 164 shares during the period. Signaturefd LLC’s holdings in Axcelis Technologies were worth $30,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Axcelis Technologies by 109.4% during the 1st quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 139 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Axcelis Technologies by 223.8% during the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 188 shares during the last quarter. Assetmark Inc. lifted its position in shares of Axcelis Technologies by 690.0% during the 4th quarter. Assetmark Inc. now owns 474 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 414 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Axcelis Technologies by 17.5% during the 1st quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 100 shares during the last quarter. Finally, Clear Street Markets LLC acquired a new position in shares of Axcelis Technologies during the 4th quarter worth about $93,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ACLS. B. Riley cut their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. DA Davidson boosted their price target on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Craig Hallum boosted their price target on Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Bank of America boosted their price target on Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Axcelis Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $167.33.

Insider Activity

In other news, Director Jorge Titinger sold 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total value of $669,338.28. Following the sale, the director now directly owns 5,891 shares in the company, valued at approximately $647,892.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.43% of the company’s stock.

Axcelis Technologies Trading Up 0.7 %

ACLS stock opened at $100.74 on Friday. Axcelis Technologies, Inc. has a 1-year low of $93.77 and a 1-year high of $196.03. The firm has a market cap of $3.28 billion, a P/E ratio of 13.31, a P/E/G ratio of 3.30 and a beta of 1.61. The business’s 50 day moving average is $123.85 and its 200-day moving average is $117.33. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.18. Axcelis Technologies had a return on equity of 27.35% and a net margin of 21.54%. The company had revenue of $256.51 million for the quarter, compared to analyst estimates of $250.06 million. During the same period in the prior year, the company posted $1.86 EPS. The company’s revenue was down 6.4% compared to the same quarter last year. Equities analysts anticipate that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current fiscal year.

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.