Rakuten Securities Inc. Invests $27,000 in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Rakuten Securities Inc. bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 207 shares of the semiconductor company’s stock, valued at approximately $27,000.

A number of other large investors have also added to or reduced their stakes in the stock. Ronald Blue Trust Inc. grew its position in Axcelis Technologies by 74.7% during the third quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company’s stock worth $25,000 after buying an additional 65 shares in the last quarter. Bessemer Group Inc. raised its position in Axcelis Technologies by 27.5% during the 4th quarter. Bessemer Group Inc. now owns 389 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 84 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Axcelis Technologies by 2.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,140 shares of the semiconductor company’s stock worth $418,000 after purchasing an additional 84 shares during the last quarter. Ensign Peak Advisors Inc raised its position in Axcelis Technologies by 1.0% during the 1st quarter. Ensign Peak Advisors Inc now owns 10,540 shares of the semiconductor company’s stock worth $1,404,000 after purchasing an additional 100 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Axcelis Technologies by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 9,313 shares of the semiconductor company’s stock worth $1,518,000 after purchasing an additional 121 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

ACLS stock opened at $98.25 on Friday. The stock has a 50-day moving average price of $111.05 and a 200-day moving average price of $126.13. Axcelis Technologies, Inc. has a 1-year low of $98.04 and a 1-year high of $201.00. The company has a current ratio of 3.79, a quick ratio of 2.71 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.20 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 2.22 and a beta of 1.63.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.17. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The firm had revenue of $310.29 million during the quarter, compared to analyst estimates of $297.92 million. During the same period last year, the company posted $1.71 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts expect that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ACLS shares. B. Riley Financial lowered their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. B. Riley lowered their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Axcelis Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

Insider Transactions at Axcelis Technologies

In other news, EVP Douglas A. Lawson bought 500 shares of Axcelis Technologies stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of $111.04 per share, for a total transaction of $55,520.00. Following the purchase, the executive vice president now directly owns 19,648 shares in the company, valued at approximately $2,181,713.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.43% of the company’s stock.

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.