Future Financial Wealth Managment LLC Invests $112,000 in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Future Financial Wealth Managment LLC acquired a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,000 shares of the semiconductor company’s stock, valued at approximately $112,000.

Several other institutional investors and hedge funds have also modified their holdings of ACLS. Norges Bank acquired a new stake in shares of Axcelis Technologies in the fourth quarter worth about $57,105,000. Reinhart Partners LLC. acquired a new stake in Axcelis Technologies in the 1st quarter worth approximately $37,871,000. Jackson Square Partners LLC acquired a new stake in Axcelis Technologies in the 4th quarter worth approximately $42,892,000. Westfield Capital Management Co. LP bought a new stake in Axcelis Technologies during the third quarter worth approximately $40,425,000. Finally, Qube Research & Technologies Ltd acquired a new position in Axcelis Technologies during the third quarter valued at approximately $23,445,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ACLS shares. B. Riley boosted their price objective on shares of Axcelis Technologies from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday, May 3rd. Benchmark decreased their price target on shares of Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Friday, May 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $173.00.

Insiders Place Their Bets

In other news, Director John T. Kurtzweil sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $114.42, for a total transaction of $137,304.00. Following the sale, the director now directly owns 33,146 shares in the company, valued at $3,792,565.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.43% of the company’s stock.

Axcelis Technologies Price Performance

Shares of Axcelis Technologies stock opened at $139.42 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.00 and a quick ratio of 2.87. The company has a market cap of $4.54 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 3.42 and a beta of 1.54. The firm has a fifty day moving average price of $117.91 and a two-hundred day moving average price of $118.79. Axcelis Technologies, Inc. has a fifty-two week low of $93.77 and a fifty-two week high of $201.00.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.31. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. The business had revenue of $252.37 million during the quarter, compared to analyst estimates of $242.55 million. Analysts expect that Axcelis Technologies, Inc. will post 6.41 EPS for the current year.

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.