Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 30.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,759 shares of the semiconductor company’s stock after buying an additional 5,506 shares during the quarter. Mutual of America Capital Management LLC owned 0.07% of Axcelis Technologies worth $3,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. BlackRock Inc. grew its position in shares of Axcelis Technologies by 2.3% in the first quarter. BlackRock Inc. now owns 5,435,039 shares of the semiconductor company’s stock valued at $724,219,000 after purchasing an additional 124,057 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Axcelis Technologies by 6.5% in the third quarter. Vanguard Group Inc. now owns 2,957,174 shares of the semiconductor company’s stock valued at $179,085,000 after purchasing an additional 180,011 shares during the last quarter. State Street Corp grew its position in shares of Axcelis Technologies by 1.7% in the third quarter. State Street Corp now owns 1,132,668 shares of the semiconductor company’s stock valued at $68,594,000 after purchasing an additional 19,207 shares during the last quarter. Invesco Ltd. grew its position in shares of Axcelis Technologies by 17.1% in the third quarter. Invesco Ltd. now owns 970,409 shares of the semiconductor company’s stock valued at $158,225,000 after purchasing an additional 141,372 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Axcelis Technologies by 4.2% in the first quarter. Geode Capital Management LLC now owns 638,001 shares of the semiconductor company’s stock valued at $85,014,000 after purchasing an additional 25,425 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Douglas A. Lawson purchased 500 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were bought at an average price of $111.04 per share, with a total value of $55,520.00. Following the completion of the purchase, the executive vice president now directly owns 19,648 shares in the company, valued at approximately $2,181,713.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.43% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Axcelis Technologies Stock Performance

NASDAQ:ACLS opened at $98.25 on Friday. The company has a quick ratio of 2.71, a current ratio of 3.79 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.20 billion, a P/E ratio of 13.22, a P/E/G ratio of 2.22 and a beta of 1.63. Axcelis Technologies, Inc. has a fifty-two week low of $98.04 and a fifty-two week high of $201.00. The firm’s 50 day moving average is $111.05 and its two-hundred day moving average is $126.13.

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

Axcelis Technologies 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.