Skandinaviska Enskilda Banken AB publ Boosts Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Skandinaviska Enskilda Banken AB publ lifted its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 17.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,902 shares of the semiconductor company’s stock after purchasing an additional 1,039 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Axcelis Technologies were worth $983,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Axcelis Technologies by 109.4% in the 1st quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 139 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Axcelis Technologies by 348.9% in the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 164 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Axcelis Technologies by 223.8% in the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Axcelis Technologies in the 2nd quarter valued at about $39,000. Finally, Isthmus Partners LLC lifted its stake 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. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Axcelis Technologies Stock Up 1.2 %

Shares of NASDAQ:ACLS opened at $102.54 on Tuesday. Axcelis Technologies, Inc. has a 52-week low of $93.77 and a 52-week high of $170.97. The firm has a market capitalization of $3.34 billion, a P/E ratio of 13.55, a P/E/G ratio of 3.06 and a beta of 1.58. The stock has a 50 day moving average price of $112.25 and a 200-day moving average price of $116.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.26 and a current ratio of 4.42.

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

Analyst Upgrades and Downgrades

ACLS has been the subject of a number of recent research reports. DA Davidson boosted their target price on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. Craig Hallum upped their price target on Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, July 12th. B. Riley lowered their price target 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. Finally, Benchmark lowered their price target on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $167.33.

Insider Transactions at Axcelis Technologies

In related news, Director Jorge Titinger sold 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total value of $669,338.28. Following the sale, the director now owns 5,891 shares in the company, valued at approximately $647,892.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.