Bridges Investment Management Inc. Takes $728,000 Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Bridges Investment Management Inc. acquired a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,120 shares of the semiconductor company’s stock, valued at approximately $728,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Homestead Advisers Corp acquired a new stake in shares of Axcelis Technologies in the first quarter valued at approximately $1,227,000. Rafferty Asset Management LLC raised its holdings in shares of Axcelis Technologies by 14.8% in the fourth quarter. Rafferty Asset Management LLC now owns 203,622 shares of the semiconductor company’s stock valued at $26,408,000 after purchasing an additional 26,228 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Axcelis Technologies in the first quarter valued at approximately $791,000. Annex Advisory Services LLC raised its holdings in shares of Axcelis Technologies by 964.1% in the fourth quarter. Annex Advisory Services LLC now owns 51,608 shares of the semiconductor company’s stock valued at $6,693,000 after purchasing an additional 46,758 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Axcelis Technologies by 309.0% in the second quarter. Harbor Capital Advisors Inc. now owns 17,549 shares of the semiconductor company’s stock valued at $2,495,000 after purchasing an additional 13,258 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Axcelis Technologies

In other news, Director Jorge Titinger sold 6,086 shares of Axcelis Technologies stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total transaction of $669,338.28. Following the completion of the sale, the director now owns 5,891 shares of the company’s stock, valued at $647,892.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.43% of the company’s stock.

Axcelis Technologies Trading Down 0.9 %

ACLS stock opened at $101.29 on Friday. 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 company has a fifty day moving average price of $113.16 and a two-hundred day moving average price of $116.30. Axcelis Technologies, Inc. has a one year low of $93.77 and a one year high of $170.97. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 3.06 and a beta of 1.58.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ACLS. Benchmark decreased their target price on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. B. Riley decreased their target price on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. Craig Hallum raised their target price on shares of Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Bank of America raised their target price on shares of Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on 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.