Inspire Investing LLC Increases Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Inspire Investing LLC grew its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 25.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 14,479 shares of the semiconductor company’s stock after acquiring an additional 2,942 shares during the quarter. Inspire Investing LLC’s holdings in Axcelis Technologies were worth $2,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Blair William & Co. IL bought a new stake in Axcelis Technologies in the second quarter worth $1,023,000. Vanguard Personalized Indexing Management LLC lifted its position in Axcelis Technologies by 24.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,534 shares of the semiconductor company’s stock worth $360,000 after buying an additional 497 shares during the last quarter. Cranbrook Wealth Management LLC lifted its position in Axcelis Technologies by 84.7% in the second quarter. Cranbrook Wealth Management LLC now owns 2,673 shares of the semiconductor company’s stock worth $380,000 after buying an additional 1,226 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Axcelis Technologies by 9.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 238,221 shares of the semiconductor company’s stock worth $33,873,000 after buying an additional 20,584 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its position in Axcelis Technologies by 7.0% in the second quarter. WINTON GROUP Ltd now owns 8,766 shares of the semiconductor company’s stock worth $1,246,000 after buying an additional 575 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of Axcelis Technologies 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 completion of the transaction, the director now owns 5,891 shares of the company’s stock, valued at $647,892.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.43% of the stock is owned by corporate insiders.

Axcelis Technologies Trading Down 1.9 %

Shares of Axcelis Technologies stock opened at $97.84 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.42 and a quick ratio of 3.26. The firm has a fifty day moving average price of $114.95 and a 200 day moving average price of $116.45. Axcelis Technologies, Inc. has a 1 year low of $93.77 and a 1 year high of $170.97. The stock has a market cap of $3.18 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 3.06 and a beta of 1.58.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $256.51 million during the quarter, compared to analysts’ expectations of $250.06 million. During the same quarter last year, the company posted $1.86 earnings per share. The firm’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts predict that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on ACLS. Craig Hallum raised their price target on Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Bank of America raised their price target on Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. DA Davidson lifted their target price on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, B. Riley decreased their price target on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Axcelis Technologies currently has an average rating of “Moderate Buy” and an average price target of $167.33.

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.