Mitsubishi UFJ Asset Management Co. Ltd. Has $3.80 Million Stock Position in Axcelis Technologies, Inc. $ACLS

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 62.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,521 shares of the semiconductor company’s stock after acquiring an additional 21,000 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Axcelis Technologies were worth $3,800,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackBarn Capital Partners LP lifted its position in shares of Axcelis Technologies by 758.0% in the 1st quarter. BlackBarn Capital Partners LP now owns 480,441 shares of the semiconductor company’s stock worth $23,864,000 after purchasing an additional 424,444 shares during the period. Mizuho Markets Americas LLC bought a new position in Axcelis Technologies during the first quarter worth $5,929,000. Walleye Capital LLC raised its stake in Axcelis Technologies by 12,799.9% during the first quarter. Walleye Capital LLC now owns 94,169 shares of the semiconductor company’s stock worth $4,677,000 after buying an additional 93,439 shares during the last quarter. Nuveen LLC acquired a new position in Axcelis Technologies in the first quarter valued at $4,447,000. Finally, American Century Companies Inc. boosted its position in Axcelis Technologies by 7.6% during the first quarter. American Century Companies Inc. now owns 1,140,495 shares of the semiconductor company’s stock valued at $56,648,000 after acquiring an additional 80,399 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ACLS. Zacks Research upgraded Axcelis Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Wall Street Zen upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Benchmark upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Thursday, October 2nd. Bank of America lowered Axcelis Technologies from a “neutral” rating to an “underperform” rating and boosted their price target for the company from $81.00 to $90.00 in a research note on Monday, October 13th. Finally, DA Davidson increased their price target on Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Axcelis Technologies currently has a consensus rating of “Hold” and an average target price of $98.80.

Axcelis Technologies Stock Performance

NASDAQ ACLS opened at $82.62 on Friday. The company has a market cap of $2.56 billion, a P/E ratio of 16.90 and a beta of 1.75. The company has a fifty day simple moving average of $86.76 and a 200 day simple moving average of $75.17. The company has a current ratio of 6.01, a quick ratio of 4.26 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $102.93.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Monday, April 21st. The semiconductor company reported $1.71 earnings per share for the quarter. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. The firm had revenue of $252.42 million for the quarter. Sell-side analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

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.