AlphaMark Advisors LLC Acquires 670 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

AlphaMark Advisors LLC boosted its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 28.5% in the second quarter, Holdings Channel reports. The institutional investor owned 3,017 shares of the semiconductor company’s stock after acquiring an additional 670 shares during the quarter. AlphaMark Advisors LLC’s holdings in Axcelis Technologies were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACLS. Rakuten Securities Inc. bought a new stake in shares of Axcelis Technologies during the 4th quarter valued at $27,000. GAMMA Investing LLC boosted its position in shares of Axcelis Technologies by 109.4% in the first quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 139 shares during the period. Assetmark Inc. grew its stake in Axcelis Technologies by 690.0% during the fourth quarter. Assetmark Inc. now owns 474 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 414 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Axcelis Technologies by 17.5% during the 1st quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 100 shares during the period. Finally, Kessler Investment Group LLC purchased a new stake in Axcelis Technologies in the 4th quarter worth approximately $77,000. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

Shares of Axcelis Technologies stock traded up $6.75 during trading on Thursday, hitting $116.97. 702,247 shares of the stock traded hands, compared to its average volume of 640,621. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.63 and a beta of 1.61. The company has a quick ratio of 2.87, a current ratio of 4.42 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a 52 week low of $93.77 and a 52 week high of $196.03. The firm’s fifty day moving average is $131.11 and its 200-day moving average is $118.98.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.18. The business had revenue of $256.51 million for the quarter, compared to analysts’ expectations of $250.06 million. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the business earned $1.86 earnings per share. Research analysts expect that Axcelis Technologies, Inc. will post 6.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Benchmark reduced their price target on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. DA Davidson raised their price target on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 15th. Craig Hallum boosted their price objective on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, B. Riley lowered their target price on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.33.

Insider Buying and Selling

In other news, Director Jorge Titinger sold 6,086 shares of Axcelis Technologies stock in a transaction dated 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 owns 5,891 shares in the company, valued at $647,892.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $114.42, for a total transaction of $137,304.00. Following the completion of the sale, the director now owns 33,146 shares of the company’s stock, valued at approximately $3,792,565.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jorge Titinger sold 6,086 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total transaction of $669,338.28. Following the completion of the transaction, the director now owns 5,891 shares in the company, valued at approximately $647,892.18. The disclosure for this sale can be found here. 1.43% of the stock is owned by corporate insiders.

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.