VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.18 Million in Axcelis Technologies, Inc. $ACLS

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 16,938 shares of the semiconductor company’s stock, valued at approximately $1,180,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its stake in shares of Axcelis Technologies by 97.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 393 shares during the period. Voya Investment Management LLC grew its stake in shares of Axcelis Technologies by 31.8% during the 1st quarter. Voya Investment Management LLC now owns 27,384 shares of the semiconductor company’s stock worth $1,360,000 after acquiring an additional 6,610 shares during the period. Atria Wealth Solutions Inc. bought a new position in shares of Axcelis Technologies during the 2nd quarter worth $524,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Axcelis Technologies by 70.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,036 shares of the semiconductor company’s stock worth $630,000 after acquiring an additional 3,750 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Axcelis Technologies by 15.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,497 shares of the semiconductor company’s stock worth $521,000 after acquiring an additional 1,368 shares during the period. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

Shares of ACLS opened at $84.36 on Friday. The company has a market cap of $2.65 billion, a PE ratio of 17.25 and a beta of 1.75. 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, Inc. has a 12-month low of $40.40 and a 12-month high of $102.93. The stock has a 50-day moving average price of $85.81 and a 200-day moving average price of $71.12.

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

Analysts Set New Price Targets

ACLS has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Axcelis Technologies in a research note on Wednesday, October 8th. Bank of America downgraded Axcelis Technologies from a “neutral” rating to an “underperform” rating and raised their target price for the stock from $81.00 to $90.00 in a research note on Monday, October 13th. Zacks Research downgraded Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Benchmark upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Thursday, October 2nd. Finally, DA Davidson raised their target price on Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $97.00.

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.