Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Purchased by abrdn plc

abrdn plc boosted its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 33.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,175 shares of the semiconductor company’s stock after purchasing an additional 44,855 shares during the quarter. abrdn plc’s holdings in Axcelis Technologies were worth $23,367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. boosted its holdings in Axcelis Technologies by 74.7% in the third quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. NBC Securities Inc. acquired a new position in Axcelis Technologies in the third quarter valued at approximately $28,000. Clearstead Advisors LLC purchased a new stake in Axcelis Technologies in the third quarter valued at approximately $33,000. Rakuten Securities Inc. purchased a new stake in Axcelis Technologies in the fourth quarter valued at approximately $27,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Axcelis Technologies in the third quarter valued at approximately $34,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ACLS shares. B. Riley reduced their price objective on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 9th. B. Riley Financial reduced their price objective on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $189.00.

Axcelis Technologies Price Performance

Axcelis Technologies stock opened at $97.24 on Wednesday. Axcelis Technologies, Inc. has a 12 month low of $93.77 and a 12 month high of $201.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.79 and a quick ratio of 2.71. The business has a 50 day simple moving average of $109.51 and a 200-day simple moving average of $124.29. The stock has a market capitalization of $3.17 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.98 by $0.17. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The business had revenue of $310.29 million during the quarter, compared to analysts’ expectations of $297.92 million. During the same quarter in the prior year, the business earned $1.71 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities analysts predict that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current year.

Insider Transactions at Axcelis Technologies

In related news, EVP Douglas A. Lawson purchased 500 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was acquired at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the completion of the purchase, the executive vice president now directly owns 19,648 shares of the company’s stock, valued at $2,181,713.92. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.14% 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.