Creative Planning Grows Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Creative Planning lifted its position in 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 firm owned 35,681 shares of the semiconductor company’s stock after buying an additional 4,820 shares during the quarter. Creative Planning’s holdings in Axcelis Technologies were worth $3,741,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC boosted its stake in shares of Axcelis Technologies by 348.9% in the second quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 164 shares during the period. Blue Trust Inc. raised its stake in shares of Axcelis Technologies by 223.8% in the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 188 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Axcelis Technologies in the second quarter valued at $39,000. Isthmus Partners LLC grew its stake in Axcelis Technologies by 87.3% during the 2nd quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 15,507 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Axcelis Technologies during the 2nd quarter worth about $69,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ACLS. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. Benchmark reduced their price objective on shares of 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 increased their target price on Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a report on Friday, July 12th. Bank of America lifted their price target on Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Finally, DA Davidson increased their price objective on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Axcelis Technologies currently has an average rating of “Moderate Buy” and an average target price of $167.33.

Axcelis Technologies Stock Down 0.0 %

Shares of NASDAQ ACLS opened at $89.89 on Friday. The business has a 50-day moving average price of $101.76 and a 200 day moving average price of $114.20. The stock has a market cap of $2.92 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 3.02 and a beta of 1.58. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a 52-week low of $88.89 and a 52-week high of $158.61.

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 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 business 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 posted $1.86 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. Equities research analysts forecast that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current year.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies 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 transaction of $669,338.28. Following the completion of the sale, the director now directly owns 5,891 shares of the company’s stock, valued at $647,892.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.43% of the stock is currently owned by company insiders.

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.