Massachusetts Financial Services Co. MA Buys 20,584 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Massachusetts Financial Services Co. MA boosted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 9.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,221 shares of the semiconductor company’s stock after purchasing an additional 20,584 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Axcelis Technologies were worth $33,873,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. WINTON GROUP Ltd grew its stake in shares of Axcelis Technologies by 7.0% during the 2nd quarter. WINTON GROUP Ltd now owns 8,766 shares of the semiconductor company’s stock worth $1,246,000 after acquiring an additional 575 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Axcelis Technologies by 12.9% in the second quarter. Envestnet Asset Management Inc. now owns 40,378 shares of the semiconductor company’s stock valued at $5,741,000 after purchasing an additional 4,622 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Axcelis Technologies in the 2nd quarter valued at $287,000. Meeder Asset Management Inc. bought a new stake in Axcelis Technologies during the 2nd quarter worth about $69,000. Finally, Qsemble Capital Management LP acquired a new position in shares of Axcelis Technologies during the 2nd quarter worth about $619,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Stock Down 0.9 %

Axcelis Technologies stock opened at $101.29 on Friday. The company’s 50-day moving average price is $113.16 and its two-hundred day moving average price is $116.26. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.30 billion, a P/E ratio of 13.38, a P/E/G ratio of 3.06 and a beta of 1.58. Axcelis Technologies, Inc. has a twelve month low of $93.77 and a twelve month high of $170.97.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.18. The company had revenue of $256.51 million for the quarter, compared to analyst estimates of $250.06 million. Axcelis Technologies had a return on equity of 27.35% and a net margin of 21.54%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.86 earnings per share. As a group, analysts expect that Axcelis Technologies, Inc. will post 6.05 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on ACLS shares. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday, August 2nd. Bank of America upped their price objective on Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Craig Hallum raised their target price on shares of Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, July 12th. B. Riley dropped their price target on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Benchmark decreased their price objective on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Axcelis Technologies presently has an average rating of “Moderate Buy” and an average target price of $167.33.

Insider Transactions at Axcelis Technologies

In related news, Director Jorge Titinger sold 6,086 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total value of $669,338.28. Following the transaction, the director now directly owns 5,891 shares in the company, valued at $647,892.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.