Bank of Montreal Can lowered its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) by 4.8% in the fourth quarter, HoldingsChannel reports. The fund owned 3,757 shares of the semiconductor company’s stock after selling 191 shares during the period. Bank of Montreal Can’s holdings in Axcelis Technologies were worth $324,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in ACLS. BlackRock Inc. lifted its position in Axcelis Technologies by 1.1% during the 3rd quarter. BlackRock Inc. now owns 5,156,365 shares of the semiconductor company’s stock valued at $312,269,000 after purchasing an additional 56,915 shares during the period. Vanguard Group Inc. grew its holdings in Axcelis Technologies by 6.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,957,174 shares of the semiconductor company’s stock worth $179,085,000 after acquiring an additional 180,011 shares during the period. State Street Corp lifted its stake in shares of Axcelis Technologies by 1.7% in the 3rd quarter. State Street Corp now owns 1,132,668 shares of the semiconductor company’s stock valued at $68,594,000 after purchasing an additional 19,207 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Axcelis Technologies by 0.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 460,096 shares of the semiconductor company’s stock valued at $27,865,000 after buying an additional 3,512 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Axcelis Technologies by 52.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 450,517 shares of the semiconductor company’s stock worth $24,706,000 after buying an additional 154,258 shares during the period. Institutional investors own 86.47% of the company’s stock.
Axcelis Technologies Trading Down 7.4 %
NASDAQ:ACLS opened at $113.54 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.54 and a quick ratio of 2.56. Axcelis Technologies, Inc. has a one-year low of $46.41 and a one-year high of $136.38. The company has a market cap of $3.72 billion, a PE ratio of 20.79 and a beta of 1.71. The firm has a 50-day moving average of $126.96 and a 200-day moving average of $101.07.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The semiconductor company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.25 by $0.18. Axcelis Technologies has a return on equity of 30.16% and a net margin of 19.90%. The business had revenue of $254.02 million for the quarter, compared to the consensus estimate of $239.89 million. During the same quarter in the prior year, the business earned $1.22 earnings per share. Axcelis Technologies’ revenue for the quarter was up 24.8% on a year-over-year basis. As a group, equity research analysts expect that Axcelis Technologies, Inc. will post 5.9 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equity analysts have recently issued reports on the company. Benchmark restated a “buy” rating and set a $142.00 target price on shares of Axcelis Technologies in a research report on Tuesday, March 7th. StockNews.com started coverage on shares of Axcelis Technologies in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. B. Riley upped their price target on shares of Axcelis Technologies from $115.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, February 10th. Needham & Company LLC restated a “buy” rating and set a $140.00 price objective on shares of Axcelis Technologies in a research report on Tuesday, March 28th. Finally, DA Davidson restated a “buy” rating on shares of Axcelis Technologies in a report on Wednesday, March 1st. One equity research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Axcelis Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.33.
About Axcelis Technologies
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Axcelis Technologies, Inc is engaged in the manufacture of capital equipment for the semiconductor chip manufacturing industry. It ion implantation systems product line includes high and medium current, and energy implanters. It also offers post-sales equipment service and support, such as spare parts, equipment upgrades, used equipment, maintenance services, and customer training.
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