Annex Advisory Services LLC Increases Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Annex Advisory Services LLC lifted its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 72.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,226 shares of the semiconductor company’s stock after buying an additional 5,118 shares during the quarter. Annex Advisory Services LLC’s holdings in Axcelis Technologies were worth $1,282,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Homestead Advisers Corp acquired a new stake in shares of Axcelis Technologies in the 1st quarter worth approximately $1,227,000. SG Americas Securities LLC acquired a new position in Axcelis Technologies during the first quarter worth about $791,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Axcelis Technologies by 309.0% in the second quarter. Harbor Capital Advisors Inc. now owns 17,549 shares of the semiconductor company’s stock valued at $2,495,000 after purchasing an additional 13,258 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Axcelis Technologies in the first quarter valued at approximately $594,000. Finally, Virtu Financial LLC increased its stake in shares of Axcelis Technologies by 281.5% during the 1st quarter. Virtu Financial LLC now owns 12,467 shares of the semiconductor company’s stock worth $1,390,000 after purchasing an additional 9,199 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of the business’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 transaction, the director now owns 5,891 shares in the company, valued at $647,892.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.43% of the company’s stock.

Axcelis Technologies Stock Up 1.9 %

Shares of NASDAQ:ACLS opened at $101.18 on Monday. Axcelis Technologies, Inc. has a 1 year low of $93.77 and a 1 year high of $170.97. The stock 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 quick ratio of 3.26 and a current ratio of 4.42. The stock has a market capitalization of $3.29 billion, a P/E ratio of 13.37, a PEG ratio of 3.02 and a beta of 1.58.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share 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 business had revenue of $256.51 million for the quarter, compared to analyst estimates of $250.06 million. During the same quarter in the previous year, the business posted $1.86 EPS. The business’s quarterly revenue was down 6.4% on a year-over-year basis. Equities analysts forecast that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on ACLS shares. Craig Hallum increased their target price on Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a report on Friday, July 12th. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday, August 2nd. B. Riley lowered their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. DA Davidson increased 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. Finally, Benchmark dropped their price target 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Axcelis Technologies presently has an average rating of “Moderate Buy” and an average target price of $167.33.

About Axcelis Technologies

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.