3,765 Shares in Axcelis Technologies, Inc. $ACLS Acquired by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division bought a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,765 shares of the semiconductor company’s stock, valued at approximately $713,000.

Several other hedge funds also recently bought and sold shares of the stock. Victory Capital Management Inc. raised its holdings in shares of Axcelis Technologies by 85.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,807,404 shares of the semiconductor company’s stock worth $145,207,000 after acquiring an additional 835,242 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Axcelis Technologies by 3,402.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company’s stock worth $45,772,000 after purchasing an additional 477,705 shares in the last quarter. Invesco Ltd. increased its position in Axcelis Technologies by 176.6% during the 3rd quarter. Invesco Ltd. now owns 386,735 shares of the semiconductor company’s stock worth $37,761,000 after purchasing an additional 246,939 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in Axcelis Technologies by 10,368.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 243,503 shares of the semiconductor company’s stock valued at $19,563,000 after purchasing an additional 241,177 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Axcelis Technologies by 143.8% in the 3rd quarter. Millennium Management LLC now owns 261,776 shares of the semiconductor company’s stock valued at $25,560,000 after purchasing an additional 154,381 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Insider Buying and Selling

In other Axcelis Technologies news, EVP Greg Redinbo sold 2,883 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $160.85, for a total transaction of $463,730.55. Following the transaction, the executive vice president owned 29,823 shares in the company, valued at $4,797,029.55. The trade was a 8.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory B. Graves sold 3,225 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $141.61, for a total value of $456,692.25. Following the sale, the director owned 5,473 shares in the company, valued at approximately $775,031.53. The trade was a 37.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,083 shares of company stock valued at $4,001,032 over the last ninety days. Insiders own 0.49% of the company’s stock.

Axcelis Technologies Price Performance

Axcelis Technologies stock opened at $136.67 on Thursday. Axcelis Technologies, Inc. has a 52-week low of $73.60 and a 52-week high of $193.78. The firm has a fifty day moving average of $153.04 and a 200-day moving average of $123.90. The firm has a market capitalization of $4.20 billion, a P/E ratio of 42.58, a PEG ratio of 9.89 and a beta of 1.92. The company has a quick ratio of 2.99, a current ratio of 4.59 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. Axcelis Technologies had a net margin of 11.93% and a return on equity of 12.19%. The business had revenue of $198.96 million for the quarter, compared to analyst estimates of $195.03 million. During the same quarter in the previous year, the business posted $0.88 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, analysts predict that Axcelis Technologies, Inc. will post 3.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Bank of America upped their target price on shares of Axcelis Technologies from $130.00 to $156.00 and gave the company an “underperform” rating in a report on Tuesday, June 23rd. Zacks Research raised shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings lowered shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Finally, B. Riley Financial raised Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Axcelis Technologies presently has a consensus rating of “Hold” and a consensus target price of $130.25.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.