Creative Planning Raises Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Creative Planning grew its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 15.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,681 shares of the semiconductor company’s stock after buying an additional 4,820 shares during the quarter. Creative Planning owned 0.11% of Axcelis Technologies worth $3,741,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC increased its position in Axcelis Technologies by 4.8% during the second quarter. CWM LLC now owns 1,506 shares of the semiconductor company’s stock valued at $214,000 after acquiring an additional 69 shares during the last quarter. Xponance Inc. lifted its position in shares of Axcelis Technologies by 4.7% during the second quarter. Xponance Inc. now owns 2,061 shares of the semiconductor company’s stock worth $293,000 after purchasing an additional 92 shares during the last quarter. Andina Capital Management LLC boosted its stake in shares of Axcelis Technologies by 3.7% during the second quarter. Andina Capital Management LLC now owns 2,791 shares of the semiconductor company’s stock valued at $397,000 after purchasing an additional 99 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Axcelis Technologies by 17.5% in the first quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 100 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its stake in Axcelis Technologies by 6.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,984 shares of the semiconductor company’s stock worth $282,000 after buying an additional 114 shares during the period. Institutional investors own 89.98% of the company’s stock.

Insider Transactions at Axcelis Technologies

In other news, Director Jorge Titinger sold 6,086 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 in the company, valued at $647,892.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ACLS. DA Davidson lifted their price target on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Bank of America lifted their price objective on Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Benchmark cut their target price on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. Finally, B. Riley cut their price objective on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Two 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Trading Down 0.0 %

Axcelis Technologies stock opened at $89.89 on Friday. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.92 billion, a PE ratio of 11.87, a P/E/G ratio of 3.02 and a beta of 1.58. The stock’s 50 day simple moving average is $101.76 and its two-hundred day simple moving average is $114.20. Axcelis Technologies, Inc. has a 12 month low of $88.89 and a 12 month high of $158.61.

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