Cwm LLC Increases Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Cwm LLC increased its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 17.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,772 shares of the semiconductor company’s stock after purchasing an additional 266 shares during the quarter. Cwm LLC’s holdings in Axcelis Technologies were worth $186,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of Axcelis Technologies by 109.4% during the first quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 139 shares during the last quarter. Signaturefd LLC grew its stake in shares of Axcelis Technologies by 348.9% during the second quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 164 shares in the last quarter. Blue Trust Inc. raised its holdings in Axcelis Technologies by 223.8% in the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 188 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Axcelis Technologies in the second quarter valued at about $39,000. Finally, Isthmus Partners LLC increased its holdings in shares of Axcelis Technologies by 87.3% in the 2nd quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 15,507 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 $90.04 on Thursday. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $102.81 and a 200 day moving average price of $114.47. The firm has a market capitalization of $2.93 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 3.02 and a beta of 1.58. Axcelis Technologies, Inc. has a 12-month low of $88.89 and a 12-month high of $158.61.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.18. The firm had revenue of $256.51 million for the quarter, compared to analysts’ expectations of $250.06 million. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 earnings per share. Research analysts anticipate that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ACLS. DA Davidson raised their price target on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Benchmark reduced their price target on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. Craig Hallum upped their price target on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, Bank of America lifted their price objective on Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Two equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.33.

Insider Activity

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 transaction, the director now owns 5,891 shares of the company’s stock, valued at approximately $647,892.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.43% of the stock is currently owned by insiders.

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.