Trexquant Investment LP Buys 6,200 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Trexquant Investment LP grew its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 38.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,205 shares of the semiconductor company’s stock after acquiring an additional 6,200 shares during the quarter. Trexquant Investment LP’s holdings in Axcelis Technologies were worth $2,880,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ACLS. NBC Securities Inc. bought a new stake in Axcelis Technologies in the third quarter valued at approximately $28,000. Clearstead Advisors LLC bought a new position in shares of Axcelis Technologies during the 3rd quarter worth $33,000. Rakuten Securities Inc. purchased a new stake in Axcelis Technologies during the 4th quarter worth about $27,000. C M Bidwell & Associates Ltd. purchased a new stake in Axcelis Technologies during the 3rd quarter worth about $34,000. Finally, Blue Trust Inc. raised its holdings in shares of Axcelis Technologies by 100.7% in the 4th quarter. Blue Trust Inc. now owns 305 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 153 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ACLS shares. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Friday, May 3rd. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research report on Friday, May 3rd. Benchmark lowered their target price on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. B. Riley lowered their price objective on Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Finally, B. Riley Financial cut their price objective on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Axcelis Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $169.00.

Axcelis Technologies Price Performance

Shares of ACLS stock traded up $2.11 during trading hours on Friday, reaching $111.37. The company had a trading volume of 349,677 shares, compared to its average volume of 478,736. Axcelis Technologies, Inc. has a 12-month low of $93.77 and a 12-month high of $201.00. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 2.65 and a beta of 1.64. The stock has a fifty day moving average of $107.99 and a 200-day moving average of $118.72. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.87 and a current ratio of 4.00.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.31. The business had revenue of $252.37 million for the quarter, compared to analysts’ expectations of $242.55 million. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. On average, equities analysts anticipate that Axcelis Technologies, Inc. will post 6.41 earnings per share for the current year.

Insider Transactions at Axcelis Technologies

In related news, Director John T. Kurtzweil sold 1,200 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $114.42, for a total value of $137,304.00. Following the completion of the sale, the director now owns 33,146 shares in the company, valued at $3,792,565.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.