Vise Technologies Inc. Makes New Investment in Axcelis Technologies, Inc. $ACLS

Vise Technologies Inc. acquired a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,870 shares of the semiconductor company’s stock, valued at approximately $200,000.

A number of other hedge funds have also recently made changes to their positions in ACLS. Vanguard Group Inc. raised its holdings in shares of Axcelis Technologies by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 4,439,902 shares of the semiconductor company’s stock worth $220,530,000 after acquiring an additional 43,768 shares during the last quarter. Reinhart Partners LLC. increased its holdings in Axcelis Technologies by 5.4% during the 2nd quarter. Reinhart Partners LLC. now owns 1,518,544 shares of the semiconductor company’s stock worth $105,828,000 after purchasing an additional 77,522 shares in the last quarter. American Century Companies Inc. increased its holdings in Axcelis Technologies by 7.6% during the 1st quarter. American Century Companies Inc. now owns 1,140,495 shares of the semiconductor company’s stock worth $56,648,000 after purchasing an additional 80,399 shares in the last quarter. Boston Trust Walden Corp raised its stake in shares of Axcelis Technologies by 2.4% in the second quarter. Boston Trust Walden Corp now owns 845,911 shares of the semiconductor company’s stock worth $58,952,000 after purchasing an additional 19,579 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Axcelis Technologies by 7.5% in the first quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock valued at $31,560,000 after purchasing an additional 44,275 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Trading Down 3.5%

Shares of Axcelis Technologies stock opened at $77.70 on Wednesday. The firm has a market cap of $2.41 billion, a PE ratio of 15.89 and a beta of 1.75. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $102.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.01 and a quick ratio of 4.26. The stock has a fifty day moving average price of $86.64 and a 200-day moving average price of $76.17.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results 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 net margin of 17.69% and a return on equity of 16.26%. Equities research analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ACLS. B. Riley cut their target price on Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Bank of America cut Axcelis Technologies from a “neutral” rating to an “underperform” rating and raised their price objective for the company from $81.00 to $90.00 in a research note on Monday, October 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a research note on Monday. Benchmark upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Thursday, October 2nd. Finally, Wall Street Zen raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Axcelis Technologies presently has a consensus rating of “Hold” and a consensus price target of $98.80.

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.