Cwm LLC Acquires 266 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Cwm LLC boosted its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 17.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,772 shares of the semiconductor company’s stock after purchasing an additional 266 shares during the period. Cwm LLC’s holdings in Axcelis Technologies were worth $186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACLS. GAMMA Investing LLC grew its stake in shares of Axcelis Technologies by 109.4% in the first quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 139 shares in the last quarter. Signaturefd LLC lifted its stake in 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 acquiring an additional 164 shares during the last quarter. Blue Trust Inc. grew its position 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 period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Axcelis Technologies during the 2nd quarter worth about $39,000. Finally, Isthmus Partners LLC raised its holdings 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 purchasing an additional 15,507 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. B. Riley reduced their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Bank of America lifted their target price on Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Craig Hallum increased their price target on Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, July 12th. DA Davidson lifted their price objective on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Benchmark decreased 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. Two equities 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, the company presently has an average rating of “Moderate Buy” and an average price target of $167.33.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of the firm’s 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 transaction, the director now owns 5,891 shares in the company, valued at $647,892.18. This trade 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 corporate insiders.

Axcelis Technologies Stock Down 0.4 %

ACLS opened at $90.04 on Thursday. The stock has a fifty day moving average of $102.81 and a 200-day moving average of $114.47. The company has a market capitalization of $2.93 billion, a P/E ratio of 11.89, a P/E/G ratio of 3.02 and a beta of 1.58. Axcelis Technologies, Inc. has a fifty-two week low of $88.89 and a fifty-two week high of $158.61. 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 issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $250.06 million. During the same quarter in the previous year, the company earned $1.86 EPS. The business’s revenue was down 6.4% on a year-over-year basis. On average, equities analysts expect that Axcelis Technologies, Inc. will post 6.05 EPS for the current 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.