Pitcairn Co. Has $591,000 Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Pitcairn Co. boosted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 5.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,301 shares of the semiconductor company’s stock after purchasing an additional 259 shares during the period. Pitcairn Co.’s holdings in Axcelis Technologies were worth $591,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Homestead Advisers Corp acquired a new stake in shares of Axcelis Technologies in the first quarter valued at $1,227,000. Louisiana State Employees Retirement System bought a new stake in Axcelis Technologies during the 4th quarter worth about $2,127,000. Rafferty Asset Management LLC increased its position in Axcelis Technologies by 14.8% in the 4th quarter. Rafferty Asset Management LLC now owns 203,622 shares of the semiconductor company’s stock valued at $26,408,000 after acquiring an additional 26,228 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Axcelis Technologies in the first quarter worth about $791,000. Finally, Annex Advisory Services LLC lifted its position in shares of Axcelis Technologies by 964.1% during the fourth quarter. Annex Advisory Services LLC now owns 51,608 shares of the semiconductor company’s stock worth $6,693,000 after purchasing an additional 46,758 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Price Performance

Shares of ACLS opened at $120.24 on Friday. The stock has a market cap of $3.91 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 1.89 and a beta of 1.60. Axcelis Technologies, Inc. has a 1 year low of $93.77 and a 1 year high of $201.00. The stock’s 50-day moving average price is $131.33 and its two-hundred day moving average price is $120.20. The company has a current ratio of 4.00, a quick ratio of 2.87 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.31. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. The business had revenue of $252.37 million for the quarter, compared to analyst estimates of $242.55 million. On average, equities analysts predict that Axcelis Technologies, Inc. will post 6.47 earnings per share for the current year.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of Axcelis Technologies stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $114.42, for a total transaction of $137,304.00. Following the transaction, the director now directly owns 33,146 shares in the company, valued at $3,792,565.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.43% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, July 12th. Craig Hallum boosted their target price on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. B. Riley raised their price target on Axcelis Technologies from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, July 12th. DA Davidson boosted their price objective on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Bank of America raised their target price on shares of Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Axcelis Technologies presently has an average rating of “Moderate Buy” and an average price target of $172.33.

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.