Bridges Investment Management Inc. Increases Stake in Axcelis Technologies, Inc. $ACLS

Bridges Investment Management Inc. increased its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 15.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,775 shares of the semiconductor company’s stock after buying an additional 3,982 shares during the period. Bridges Investment Management Inc. owned about 0.09% of Axcelis Technologies worth $2,075,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Axcelis Technologies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 4,439,902 shares of the semiconductor company’s stock worth $220,530,000 after buying an additional 43,768 shares during the period. Reinhart Partners LLC. increased its stake in Axcelis Technologies by 5.4% during the 2nd quarter. Reinhart Partners LLC. now owns 1,518,544 shares of the semiconductor company’s stock worth $105,828,000 after buying an additional 77,522 shares during the period. American Century Companies Inc. increased its stake in Axcelis Technologies by 7.6% during the 1st quarter. American Century Companies Inc. now owns 1,140,495 shares of the semiconductor company’s stock worth $56,648,000 after buying an additional 80,399 shares during the period. Boston Trust Walden Corp increased its stake in Axcelis Technologies by 2.4% during the 2nd quarter. Boston Trust Walden Corp now owns 845,911 shares of the semiconductor company’s stock worth $58,952,000 after buying an additional 19,579 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Axcelis Technologies by 7.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock worth $31,560,000 after buying an additional 44,275 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Axcelis Technologies Trading Down 0.2%

Shares of Axcelis Technologies stock opened at $83.62 on Friday. The company has a fifty day simple moving average of $85.65 and a 200-day simple moving average of $69.87. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $102.93. The company has a current ratio of 6.01, a quick ratio of 4.26 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 17.10 and a beta of 1.75.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. The business had revenue of $252.42 million during the quarter. On average, equities analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wall Street Zen raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Bank of America downgraded shares of Axcelis Technologies from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $81.00 to $90.00 in a research report on Monday. Zacks Research downgraded shares of Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Benchmark raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Thursday, October 2nd. Finally, DA Davidson increased their price objective on shares of Axcelis Technologies from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $97.00.

Axcelis Technologies Company Profile

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.