Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,359 shares of the semiconductor company’s stock after buying an additional 1,004 shares during the quarter. Thrivent Financial for Lutherans owned about 0.09% of Axcelis Technologies worth $4,175,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ACLS. Signaturefd LLC raised its stake in shares of Axcelis Technologies by 348.9% in the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 164 shares during the period. GAMMA Investing LLC increased its holdings in Axcelis Technologies by 109.4% in the 1st quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. Blue Trust Inc. raised its position in Axcelis Technologies by 223.8% in the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 188 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Axcelis Technologies during the second quarter worth $39,000. Finally, Assetmark Inc. boosted its position in shares of Axcelis Technologies by 690.0% during the fourth quarter. Assetmark Inc. now owns 474 shares of the semiconductor company’s stock worth $61,000 after buying an additional 414 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Wall Street Analyst Weigh In

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

Axcelis Technologies Stock Down 0.6 %

ACLS stock opened at $107.37 on Friday. The company’s 50 day moving average price is $109.78 and its 200 day moving average price is $115.95. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 3.09 and a beta of 1.58. Axcelis Technologies, Inc. has a fifty-two week low of $93.77 and a fifty-two week high of $170.97. 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 (NASDAQ:ACLS) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.18. The company had revenue of $256.51 million for the quarter, compared to the consensus estimate of $250.06 million. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 EPS. On average, equities research analysts anticipate that Axcelis Technologies, Inc. will post 6.05 EPS for the current fiscal year.

Insider Activity

In related news, Director Jorge Titinger sold 6,086 shares of the business’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 transaction of $669,338.28. Following the completion of the sale, the director now owns 5,891 shares in the company, valued at $647,892.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.43% of the company’s stock.

Axcelis Technologies 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.