Nkcfo LLC Purchases Shares of 1,300 Axcelis Technologies, Inc. (NASDAQ:ACLS)

Nkcfo LLC acquired a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,300 shares of the semiconductor company’s stock, valued at approximately $185,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Axcelis Technologies during the 4th quarter valued at approximately $57,105,000. Reinhart Partners LLC. purchased a new position in Axcelis Technologies during the 1st quarter valued at approximately $37,871,000. Vanguard Group Inc. raised its holdings in shares of Axcelis Technologies by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock worth $480,040,000 after acquiring an additional 263,604 shares in the last quarter. Granite Investment Partners LLC bought a new position in shares of Axcelis Technologies during the 2nd quarter valued at approximately $27,801,000. Finally, Boston Partners purchased a new position in shares of Axcelis Technologies in the first quarter valued at $20,819,000. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

ACLS stock opened at $101.29 on Friday. Axcelis Technologies, Inc. has a one year low of $93.77 and a one year high of $170.97. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 3.06 and a beta of 1.58. 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 firm has a 50-day simple moving average of $113.16 and a two-hundred day simple moving average of $116.26.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.18. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The company had revenue of $256.51 million during the quarter, compared to analysts’ expectations of $250.06 million. During the same quarter in the prior year, the company posted $1.86 earnings per share. Axcelis Technologies’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities analysts forecast that Axcelis Technologies, Inc. will post 6.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Craig Hallum lifted their price objective on shares of Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Benchmark cut their price target on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. DA Davidson boosted their price objective on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Bank of America raised their target price on shares of Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.33.

Insider Transactions at Axcelis Technologies

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total value of $669,338.28. Following the completion of the sale, the director now directly owns 5,891 shares in the company, valued at $647,892.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.43% of the company’s stock.

Axcelis Technologies Company 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.