State of New Jersey Common Pension Fund D Acquires 1,741 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

State of New Jersey Common Pension Fund D raised its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,899 shares of the semiconductor company’s stock after buying an additional 1,741 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Axcelis Technologies were worth $2,581,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. NBC Securities Inc. purchased a new position in shares of Axcelis Technologies in the 3rd quarter valued at approximately $28,000. Clearstead Advisors LLC purchased a new position in shares of Axcelis Technologies in the 3rd quarter valued at approximately $33,000. Rakuten Securities Inc. purchased a new position in shares of Axcelis Technologies in the 4th quarter valued at approximately $27,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Axcelis Technologies in the 3rd quarter valued at approximately $34,000. Finally, Blue Trust Inc. lifted its stake in shares of Axcelis Technologies by 100.7% in the 4th quarter. Blue Trust Inc. now owns 305 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 153 shares during the period. 89.98% of the stock is currently owned by institutional investors.

Insider Transactions at Axcelis Technologies

In other Axcelis Technologies news, EVP Douglas A. Lawson purchased 500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was purchased at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the completion of the purchase, the executive vice president now directly owns 19,648 shares of the company’s stock, valued at $2,181,713.92. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.14% of the company’s stock.

Axcelis Technologies Stock Down 1.8 %

Shares of NASDAQ:ACLS opened at $101.70 on Thursday. The stock has a fifty day simple moving average of $107.85 and a two-hundred day simple moving average of $121.98. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.13 and a beta of 1.63. Axcelis Technologies, Inc. has a 12-month low of $93.77 and a 12-month high of $201.00. The company has a current ratio of 3.79, a quick ratio of 2.71 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.33. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The firm had revenue of $252.37 million during the quarter, compared to analysts’ expectations of $242.61 million. During the same quarter in the previous year, the business earned $1.43 earnings per share. The company’s revenue was down .6% on a year-over-year basis. On average, research analysts anticipate that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on ACLS. B. Riley Financial lowered their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 9th. B. Riley lowered their price objective on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $189.00.

Axcelis Technologies Company 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.