Goldman Sachs Group Inc. Purchases 3,999 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Goldman Sachs Group Inc. raised its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 0.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 442,586 shares of the semiconductor company’s stock after acquiring an additional 3,999 shares during the period. Goldman Sachs Group Inc. owned about 1.36% of Axcelis Technologies worth $57,399,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Axcelis Technologies during the 4th quarter worth about $57,105,000. Jackson Square Partners LLC acquired a new position in Axcelis Technologies during the fourth quarter valued at approximately $42,892,000. Westfield Capital Management Co. LP acquired a new position in Axcelis Technologies during the third quarter valued at approximately $40,425,000. Qube Research & Technologies Ltd bought a new position in Axcelis Technologies in the third quarter valued at approximately $23,445,000. Finally, Invesco Ltd. increased its position in shares of Axcelis Technologies by 17.1% during the 3rd quarter. Invesco Ltd. now owns 970,409 shares of the semiconductor company’s stock worth $158,225,000 after purchasing an additional 141,372 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

NASDAQ ACLS opened at $140.65 on Wednesday. Axcelis Technologies, Inc. has a 52-week low of $93.77 and a 52-week high of $201.00. The stock has a market cap of $4.58 billion, a PE ratio of 18.58, a P/E/G ratio of 3.36 and a beta of 1.54. The firm has a 50-day moving average of $113.05 and a 200-day moving average of $117.98. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.87 and a current ratio of 4.00.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.31. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The company had revenue of $252.37 million during the quarter, compared to analysts’ expectations of $242.55 million. On average, sell-side analysts anticipate that Axcelis Technologies, Inc. will post 6.41 EPS for the current year.

Insider Buying and Selling at Axcelis Technologies

In other news, Director John T. Kurtzweil sold 1,200 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $114.42, for a total value of $137,304.00. Following the completion of the sale, the director now owns 33,146 shares of the company’s stock, valued at $3,792,565.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ACLS has been the subject of several analyst reports. Craig Hallum raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Friday, May 3rd. Benchmark lowered their price objective on shares of Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. B. Riley cut their target price on shares of Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $169.00.

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.