Elkfork Partners LLC acquired a new position in Axcelis Technologies (NASDAQ:ACLS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,584 shares of the semiconductor company’s stock, valued at approximately $103,000.
Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Axcelis Technologies in the fourth quarter worth approximately $178,000. Jane Street Group LLC acquired a new position in Axcelis Technologies in the third quarter worth approximately $201,000. Advisor Group Inc. increased its holdings in Axcelis Technologies by 87.2% in the fourth quarter. Advisor Group Inc. now owns 7,459 shares of the semiconductor company’s stock worth $214,000 after buying an additional 3,474 shares during the last quarter. Jefferies Group LLC acquired a new position in Axcelis Technologies in the fourth quarter worth approximately $246,000. Finally, LS Investment Advisors LLC acquired a new position in Axcelis Technologies in the fourth quarter worth approximately $247,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.
In other Axcelis Technologies news, Director Joseph P. Keithley sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $26.75, for a total transaction of $107,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Douglas A. Lawson sold 3,478 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $26.52, for a total value of $92,236.56. The disclosure for this sale can be found here. Company insiders own 5.66% of the company’s stock.
Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.39 by $0.08. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The company had revenue of $116.40 million for the quarter, compared to the consensus estimate of $109.76 million. During the same quarter last year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 67.7% compared to the same quarter last year. equities research analysts forecast that Axcelis Technologies will post 1.34 EPS for the current year.
A number of research firms recently commented on ACLS. Needham & Company LLC dropped their price objective on Axcelis Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Stifel Nicolaus upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Monday, January 22nd. BidaskClub downgraded Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research downgraded Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $32.50.
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About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides dry strip equipment, curing systems, and thermal processing systems.
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