Breed s Hill Capital LLC Acquires New Holdings in Axcelis Technologies, Inc. $ACLS

Breed s Hill Capital LLC purchased a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the second quarter, HoldingsChannel reports. The firm purchased 3,000 shares of the semiconductor company’s stock, valued at approximately $209,000.

A number of other hedge funds also recently bought and sold shares of ACLS. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Axcelis Technologies by 7.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,465 shares of the semiconductor company’s stock worth $520,000 after purchasing an additional 526 shares during the period. Boston Partners increased its holdings in Axcelis Technologies by 42.3% during the second quarter. Boston Partners now owns 474,043 shares of the semiconductor company’s stock valued at $33,616,000 after buying an additional 141,004 shares during the last quarter. CENTRAL TRUST Co raised its position in Axcelis Technologies by 1,094.7% in the second quarter. CENTRAL TRUST Co now owns 1,350 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 1,237 shares during the period. Vise Technologies Inc. purchased a new position in shares of Axcelis Technologies during the 2nd quarter worth $200,000. Finally, Profund Advisors LLC bought a new stake in shares of Axcelis Technologies during the 2nd quarter valued at $210,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ACLS. Wall Street Zen raised Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Bank of America cut Axcelis Technologies from a “neutral” rating to an “underperform” rating and lifted their price objective for the company from $81.00 to $90.00 in a research report on Monday, October 13th. Zacks Research upgraded Axcelis Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. B. Riley decreased their target price on shares of Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, Benchmark raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Axcelis Technologies currently has a consensus rating of “Hold” and a consensus price target of $98.80.

Axcelis Technologies Stock Performance

NASDAQ:ACLS opened at $85.42 on Thursday. The stock has a 50-day moving average price of $86.68 and a 200 day moving average price of $75.11. The stock has a market capitalization of $2.65 billion, a P/E ratio of 17.47 and a beta of 1.75. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $102.93. The company has a current ratio of 6.01, a quick ratio of 4.26 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share for the quarter. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%.The business had revenue of $252.42 million during the quarter. Equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

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.