Magnus Financial Group LLC Takes $302,000 Position in Axcelis Technologies Inc (NASDAQ:ACLS)

Magnus Financial Group LLC purchased a new stake in shares of Axcelis Technologies Inc (NASDAQ:ACLS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 20,066 shares of the semiconductor company’s stock, valued at approximately $302,000. Magnus Financial Group LLC owned about 0.06% of Axcelis Technologies as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in Axcelis Technologies by 448.6% during the first quarter. BNP Paribas Arbitrage SA now owns 6,792 shares of the semiconductor company’s stock worth $137,000 after buying an additional 5,554 shares during the last quarter. SG Americas Securities LLC raised its stake in Axcelis Technologies by 62.7% during the first quarter. SG Americas Securities LLC now owns 19,594 shares of the semiconductor company’s stock worth $394,000 after buying an additional 7,554 shares during the last quarter. HL Financial Services LLC raised its stake in Axcelis Technologies by 5.1% during the first quarter. HL Financial Services LLC now owns 19,741 shares of the semiconductor company’s stock worth $397,000 after buying an additional 959 shares during the last quarter. Texas Permanent School Fund raised its stake in Axcelis Technologies by 4.2% during the first quarter. Texas Permanent School Fund now owns 22,107 shares of the semiconductor company’s stock worth $445,000 after buying an additional 897 shares during the last quarter. Finally, BBT Capital Management LLC bought a new position in Axcelis Technologies during the first quarter worth $465,000. 84.41% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the stock. TheStreet downgraded shares of Axcelis Technologies from a “b” rating to a “c+” rating in a research note on Thursday, May 23rd. ValuEngine raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. BidaskClub raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Benchmark restated a “buy” rating and issued a $26.00 price target on shares of Axcelis Technologies in a report on Thursday, May 9th. Finally, Northland Securities set a $15.00 price target on shares of Axcelis Technologies and gave the stock a “hold” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $23.00.



NASDAQ:ACLS traded down $0.04 during trading hours on Tuesday, reaching $15.13. The company had a trading volume of 1,453 shares, compared to its average volume of 240,143. The company has a quick ratio of 4.04, a current ratio of 6.63 and a debt-to-equity ratio of 0.12. The firm has a market cap of $486.89 million, a price-to-earnings ratio of 11.53 and a beta of 1.32. The business’s 50-day simple moving average is $15.37 and its two-hundred day simple moving average is $18.19. Axcelis Technologies Inc has a twelve month low of $13.99 and a twelve month high of $22.99.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The business had revenue of $74.31 million during the quarter, compared to analysts’ expectations of $75.00 million. Axcelis Technologies had a net margin of 6.52% and a return on equity of 5.53%. The business’s quarterly revenue was down 37.7% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share. As a group, equities analysts predict that Axcelis Technologies Inc will post 0.4 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 curing systems and thermal processing systems.

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Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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