Guidance Capital Inc. Acquires 371 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Guidance Capital Inc. grew its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 10.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,819 shares of the semiconductor company’s stock after buying an additional 371 shares during the period. Guidance Capital Inc.’s holdings in Axcelis Technologies were worth $543,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Axcelis Technologies by 6.5% in 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 in the last quarter. Jackson Square Partners LLC boosted its stake in Axcelis Technologies by 49.0% in the 1st quarter. Jackson Square Partners LLC now owns 492,764 shares of the semiconductor company’s stock worth $54,953,000 after purchasing an additional 162,040 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Axcelis Technologies by 7.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 455,846 shares of the semiconductor company’s stock worth $64,816,000 after purchasing an additional 32,695 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Axcelis Technologies by 0.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 442,586 shares of the semiconductor company’s stock worth $57,399,000 after purchasing an additional 3,999 shares in the last quarter. Finally, Norges Bank bought a new position in Axcelis Technologies in the 4th quarter worth about $57,105,000. Institutional investors own 89.98% of the company’s stock.

Insider Activity at Axcelis Technologies

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 transaction, the director now directly owns 5,891 shares in the company, valued at approximately $647,892.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.43% of the stock is currently owned by corporate insiders.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS traded down $0.15 during midday trading on Monday, hitting $109.33. 631,500 shares of the company’s stock traded hands, compared to its average volume of 627,028. Axcelis Technologies, Inc. has a 1 year low of $93.77 and a 1 year high of $196.03. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 3.30 and a beta of 1.61. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.26 and a current ratio of 4.42. The firm has a fifty day moving average of $125.96 and a 200 day moving average of $117.63.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America boosted their target price on Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Benchmark decreased their target price on Axcelis Technologies from $180.00 to $175.00 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 target price on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Craig Hallum boosted their target price on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.33.

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.