SG Americas Securities LLC Has $723,000 Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

SG Americas Securities LLC boosted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 75.8% in the third quarter, Holdings Channel reports. The fund owned 6,892 shares of the semiconductor company’s stock after acquiring an additional 2,971 shares during the period. SG Americas Securities LLC’s holdings in Axcelis Technologies were worth $723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Axcelis Technologies by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock worth $480,040,000 after purchasing an additional 263,604 shares during the last quarter. Jackson Square Partners LLC lifted its holdings in shares of Axcelis Technologies by 49.0% during the first quarter. Jackson Square Partners LLC now owns 492,764 shares of the semiconductor company’s stock worth $54,953,000 after buying an additional 162,040 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Axcelis Technologies by 7.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 455,846 shares of the semiconductor company’s stock worth $64,816,000 after acquiring an additional 32,695 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Axcelis Technologies by 0.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 442,586 shares of the semiconductor company’s stock worth $57,399,000 after acquiring an additional 3,999 shares during the period. Finally, Reinhart Partners LLC. raised its stake in Axcelis Technologies by 23.4% during the 2nd quarter. Reinhart Partners LLC. now owns 419,048 shares of the semiconductor company’s stock valued at $59,584,000 after purchasing an additional 79,456 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ACLS. DA Davidson boosted their price objective 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 cut their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Craig Hallum lifted their price objective on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. Finally, Benchmark decreased their price target on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Axcelis Technologies has an average rating of “Moderate Buy” and an average target price of $167.33.

Axcelis Technologies Price Performance

Axcelis Technologies stock opened at $101.18 on Monday. The business has a 50 day simple moving average of $105.31 and a 200 day simple moving average of $115.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.42 and a quick ratio of 3.26. The company has a market capitalization of $3.29 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 3.02 and a beta of 1.58. Axcelis Technologies, Inc. has a one year low of $93.77 and a one year high of $170.97.

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

Insiders Place Their Bets

In other news, Director Jorge Titinger sold 6,086 shares of Axcelis Technologies stock in a transaction that occurred 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 completion of the transaction, the director now owns 5,891 shares in the company, valued at approximately $647,892.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.43% of the company’s stock.

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.