Schwab Charles Investment Management Inc. increased its position in Axcelis Technologies Inc (NASDAQ:ACLS) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 171,176 shares of the semiconductor company’s stock after purchasing an additional 3,618 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Axcelis Technologies were worth $3,390,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Guggenheim Capital LLC raised its holdings in shares of Axcelis Technologies by 7.1% in the 1st quarter. Guggenheim Capital LLC now owns 145,475 shares of the semiconductor company’s stock valued at $3,579,000 after purchasing an additional 9,620 shares during the period. HL Financial Services LLC bought a new stake in shares of Axcelis Technologies in the 2nd quarter valued at about $333,000. First Trust Advisors LP raised its holdings in shares of Axcelis Technologies by 17.5% in the 2nd quarter. First Trust Advisors LP now owns 36,504 shares of the semiconductor company’s stock valued at $723,000 after purchasing an additional 5,434 shares during the period. LSV Asset Management bought a new stake in shares of Axcelis Technologies in the 2nd quarter valued at about $209,000. Finally, Bank of Montreal Can bought a new stake in shares of Axcelis Technologies in the 2nd quarter valued at about $161,000. 84.59% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Axcelis Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine cut shares of Axcelis Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $27.00 target price on shares of Axcelis Technologies in a report on Friday, August 3rd. Craig Hallum raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Finally, Benchmark reissued a “buy” rating and issued a $32.00 price target on shares of Axcelis Technologies in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $29.50.
Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Thursday, August 2nd. The semiconductor company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.08. The firm had revenue of $119.30 million for the quarter, compared to analysts’ expectations of $116.33 million. Axcelis Technologies had a net margin of 28.57% and a return on equity of 16.84%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. On average, equities research analysts anticipate that Axcelis Technologies Inc will post 1.33 earnings per share for the current year.
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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