WINTON GROUP Ltd Raises Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

WINTON GROUP Ltd raised its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 7.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,766 shares of the semiconductor company’s stock after purchasing an additional 575 shares during the period. WINTON GROUP Ltd’s holdings in Axcelis Technologies were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Axcelis Technologies in the fourth quarter valued at approximately $57,105,000. Reinhart Partners LLC. acquired a new stake in shares of Axcelis Technologies in the 1st quarter valued at $37,871,000. Vanguard Group Inc. lifted its position in shares of Axcelis Technologies by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock worth $480,040,000 after purchasing an additional 263,604 shares during the last quarter. Boston Partners acquired a new position in shares of Axcelis Technologies during the first quarter worth $20,819,000. Finally, Jackson Square Partners LLC increased its holdings in Axcelis Technologies by 49.0% in the first quarter. Jackson Square Partners LLC now owns 492,764 shares of the semiconductor company’s stock valued at $54,953,000 after buying an additional 162,040 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

ACLS has been the subject of a number of recent analyst reports. Benchmark decreased their price target on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a report on Friday, August 2nd. B. Riley lowered 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. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Friday, August 2nd. DA Davidson upped their target price on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Craig Hallum lifted their price target on shares of Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Axcelis Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Stock Performance

Shares of Axcelis Technologies stock opened at $103.27 on Monday. The firm’s fifty day simple moving average is $118.02 and its 200-day simple moving average is $116.80. Axcelis Technologies, Inc. has a 12 month low of $93.77 and a 12 month high of $181.45. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 3.06 and a beta of 1.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.42 and a quick ratio of 3.26.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share (EPS) 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 company had revenue of $256.51 million for the quarter, compared to the consensus estimate of $250.06 million. During the same period last year, the firm posted $1.86 EPS. Axcelis Technologies’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, equities analysts forecast that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current year.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of Axcelis Technologies stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total value of $669,338.28. Following the transaction, the director now directly owns 5,891 shares in the company, valued at approximately $647,892.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.43% of the stock is owned by company insiders.

About Axcelis Technologies

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.