Rhumbline Advisers Raises Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Rhumbline Advisers boosted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,779 shares of the semiconductor company’s stock after buying an additional 499 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of Axcelis Technologies worth $13,334,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ACLS. CWM LLC boosted its position in Axcelis Technologies by 4.8% during the second quarter. CWM LLC now owns 1,506 shares of the semiconductor company’s stock worth $214,000 after acquiring an additional 69 shares during the last quarter. Andina Capital Management LLC lifted its stake in Axcelis Technologies by 3.7% in the 2nd quarter. Andina Capital Management LLC now owns 2,791 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 99 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings 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. Eagle Bay Advisors LLC grew its position in shares of Axcelis Technologies by 1.7% in the first quarter. Eagle Bay Advisors LLC now owns 7,310 shares of the semiconductor company’s stock valued at $815,000 after purchasing an additional 125 shares in the last quarter. Finally, Benchmark Investment Advisors LLC increased its holdings in shares of Axcelis Technologies by 3.4% in the first quarter. Benchmark Investment Advisors LLC now owns 4,257 shares of the semiconductor company’s stock valued at $475,000 after purchasing an additional 138 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on ACLS. Benchmark reduced their price target on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. DA Davidson raised their price target on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 15th. B. Riley decreased their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Bank of America raised their target price on Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.33.

Insider Buying and Selling

In other news, Director Jorge Titinger sold 6,086 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.43% of the company’s stock.

Axcelis Technologies Stock Up 0.1 %

Shares of ACLS opened at $97.63 on Wednesday. The company’s 50-day simple moving average is $120.43 and its 200-day simple moving average is $116.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.26 and a current ratio of 4.42. Axcelis Technologies, Inc. has a 1 year low of $93.77 and a 1 year high of $183.13. The stock has a market capitalization of $3.18 billion, a PE ratio of 12.90, a P/E/G ratio of 2.93 and a beta of 1.59.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.37 by $0.18. The firm had revenue of $256.51 million during the quarter, compared to analysts’ expectations of $250.06 million. Axcelis Technologies had a return on equity of 27.35% and a net margin of 21.54%. Axcelis Technologies’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 EPS. Analysts forecast that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current fiscal year.

Axcelis Technologies Company Profile

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.