Oppenheimer Asset Management Inc. Takes $287,000 Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Oppenheimer Asset Management Inc. bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,015 shares of the semiconductor company’s stock, valued at approximately $287,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC raised its position in shares of Axcelis Technologies by 4.8% in the 2nd quarter. CWM LLC now owns 1,506 shares of the semiconductor company’s stock worth $214,000 after acquiring an additional 69 shares in the last quarter. Andina Capital Management LLC increased its holdings in Axcelis Technologies by 3.7% in the second quarter. Andina Capital Management LLC now owns 2,791 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 99 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Axcelis Technologies by 17.5% in the first quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 100 shares during the period. Eagle Bay Advisors LLC lifted its stake in Axcelis Technologies by 1.7% in the first quarter. Eagle Bay Advisors LLC now owns 7,310 shares of the semiconductor company’s stock valued at $815,000 after buying an additional 125 shares during the period. Finally, Arizona State Retirement System grew its position in shares of Axcelis Technologies by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 9,134 shares of the semiconductor company’s stock worth $1,299,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

Analyst Ratings Changes

ACLS has been the topic of several research analyst reports. Bank of America increased their target price on shares of Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. B. Riley decreased their target price on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report 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 report on Friday, August 2nd. Craig Hallum boosted their price objective on Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, DA Davidson increased their target price on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $167.33.

Insider Activity

In related 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 sale, the director now directly owns 5,891 shares in the company, valued at $647,892.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.43% of the stock is currently owned by corporate insiders.

Axcelis Technologies Trading Down 0.9 %

NASDAQ ACLS opened at $101.29 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 capitalization of $3.30 billion, a P/E ratio of 13.38, a PEG ratio of 3.06 and a beta of 1.58. The business has a fifty day simple moving average of $113.16 and a 200 day simple moving average of $116.30. Axcelis Technologies, Inc. has a 12 month low of $93.77 and a 12 month high of $170.97.

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, 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 for the quarter, compared to analyst estimates of $250.06 million. During the same period last year, the firm earned $1.86 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. On average, analysts predict that Axcelis Technologies, Inc. will post 6.05 EPS for the current fiscal year.

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.