Perkins Coie Trust Co Increases Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Perkins Coie Trust Co lifted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 40.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,450 shares of the semiconductor company’s stock after buying an additional 700 shares during the period. Perkins Coie Trust Co’s holdings in Axcelis Technologies were worth $257,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ACLS. Reinhart Partners LLC. purchased a new position in shares of Axcelis Technologies during the 1st quarter valued at about $37,871,000. Vanguard Group Inc. grew its position 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 worth $480,040,000 after acquiring an additional 263,604 shares during the last quarter. Granite Investment Partners LLC bought a new position in Axcelis Technologies during the 2nd quarter worth approximately $27,801,000. Boston Partners bought a new position in Axcelis Technologies during the 1st quarter worth approximately $20,819,000. Finally, Jackson Square Partners LLC grew its position in Axcelis Technologies by 49.0% during the 1st quarter. Jackson Square Partners LLC now owns 492,764 shares of the semiconductor company’s stock worth $54,953,000 after acquiring an additional 162,040 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ACLS shares. DA Davidson raised their price target on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. B. Riley reduced their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. 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 report on Wednesday, July 10th. Finally, Benchmark cut their price objective on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.33.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies 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 completion of the transaction, the director now owns 5,891 shares in the company, valued at approximately $647,892.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.43% of the stock is currently owned by corporate insiders.

Axcelis Technologies Stock Up 0.4 %

Shares of NASDAQ ACLS traded up $0.35 during mid-day trading on Wednesday, hitting $98.85. 17,227 shares of the stock traded hands, compared to its average volume of 626,849. 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, Inc. has a 52 week low of $93.77 and a 52 week high of $170.97. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 3.09 and a beta of 1.58. The stock has a fifty day moving average price of $106.21 and a 200-day moving average price of $115.52.

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 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 company had revenue of $256.51 million for the quarter, compared to analyst estimates of $250.06 million. During the same period in the previous year, the company posted $1.86 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. Research analysts anticipate that Axcelis Technologies, Inc. will post 6.05 EPS 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.