Massachusetts Financial Services Co. MA Buys 20,584 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Massachusetts Financial Services Co. MA raised its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 9.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 238,221 shares of the semiconductor company’s stock after acquiring an additional 20,584 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.73% of Axcelis Technologies worth $33,873,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ACLS. Vanguard Group Inc. increased its holdings in Axcelis Technologies by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock valued at $480,040,000 after purchasing an additional 263,604 shares in the last quarter. Jackson Square Partners LLC increased its stake in shares of Axcelis Technologies by 49.0% in the first quarter. Jackson Square Partners LLC now owns 492,764 shares of the semiconductor company’s stock valued at $54,953,000 after buying an additional 162,040 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Axcelis Technologies by 7.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 455,846 shares of the semiconductor company’s stock valued at $64,816,000 after buying an additional 32,695 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Axcelis Technologies by 0.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 442,586 shares of the semiconductor company’s stock valued at $57,399,000 after buying an additional 3,999 shares during the last quarter. Finally, Norges Bank acquired a new position in Axcelis Technologies during the 4th quarter worth about $57,105,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Trading Down 0.9 %

NASDAQ ACLS opened at $101.29 on Friday. Axcelis Technologies, Inc. has a 12 month low of $93.77 and a 12 month high of $170.97. The stock has a 50-day simple moving average of $113.16 and a 200 day simple moving average of $116.26. 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 company has a market capitalization of $3.30 billion, a PE ratio of 13.38, a P/E/G ratio of 3.06 and a beta of 1.58.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly 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. 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 revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 EPS. Research analysts forecast that Axcelis Technologies, Inc. will post 6.05 EPS for the current year.

Analyst Upgrades and Downgrades

ACLS has been the subject of a number of research analyst reports. B. Riley dropped 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. Craig Hallum upped their price objective on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. Benchmark cut their price target on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, DA Davidson raised their price target on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.33.

Insiders Place Their Bets

In related news, Director Jorge Titinger sold 6,086 shares of the company’s 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 sale, the director now owns 5,891 shares in the company, valued at approximately $647,892.18. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.43% of the company’s stock.

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.