Savant Capital LLC Buys Shares of 4,064 Axcelis Technologies, Inc. $ACLS

Savant Capital LLC purchased a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) during the second quarter, HoldingsChannel.com reports. The fund purchased 4,064 shares of the semiconductor company’s stock, valued at approximately $283,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in Axcelis Technologies by 16.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 25,063 shares of the semiconductor company’s stock worth $1,245,000 after buying an additional 3,561 shares during the period. CWM LLC increased its position in shares of Axcelis Technologies by 44.5% during the first quarter. CWM LLC now owns 1,657 shares of the semiconductor company’s stock worth $82,000 after acquiring an additional 510 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Axcelis Technologies by 255.5% during the first quarter. Signaturefd LLC now owns 1,294 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 930 shares during the period. Victory Capital Management Inc. lifted its position in Axcelis Technologies by 9.3% in the 1st quarter. Victory Capital Management Inc. now owns 19,163 shares of the semiconductor company’s stock valued at $952,000 after acquiring an additional 1,634 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in Axcelis Technologies by 783.3% in the 1st quarter. Private Advisor Group LLC now owns 53,575 shares of the semiconductor company’s stock worth $2,661,000 after purchasing an additional 47,510 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Price Performance

NASDAQ:ACLS opened at $77.70 on Wednesday. Axcelis Technologies, Inc. has a 52-week low of $40.40 and a 52-week high of $102.93. The company has a market cap of $2.41 billion, a P/E ratio of 15.89 and a beta of 1.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.26 and a current ratio of 6.01. The stock’s 50-day simple moving average is $86.64 and its 200 day simple moving average is $76.17.

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

Wall Street Analysts Forecast Growth

ACLS has been the topic of several recent research reports. Wall Street Zen raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday. B. Riley dropped their target price on Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Bank of America downgraded Axcelis Technologies from a “neutral” rating to an “underperform” rating and upped their price target for the stock from $81.00 to $90.00 in a research report on Monday, October 13th. Finally, DA Davidson raised their price target on shares of Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Axcelis Technologies currently has a consensus rating of “Hold” and a consensus target price of $98.80.

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.