abrdn plc Increases Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

abrdn plc increased its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 33.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 180,175 shares of the semiconductor company’s stock after purchasing an additional 44,855 shares during the period. abrdn plc owned approximately 0.55% of Axcelis Technologies worth $23,367,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Ronald Blue Trust Inc. boosted its stake in shares of Axcelis Technologies by 74.7% in the 3rd 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. Arizona State Retirement System boosted its stake in shares of Axcelis Technologies by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 9,313 shares of the semiconductor company’s stock valued at $1,518,000 after purchasing an additional 121 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Axcelis Technologies by 10.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,316 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 124 shares during the period. Blue Trust Inc. boosted its position in Axcelis Technologies by 100.7% during the 4th quarter. Blue Trust Inc. now owns 305 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 153 shares during the period. Finally, NBC Securities Inc. purchased a new stake in Axcelis Technologies during the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Up 0.3 %

Shares of NASDAQ ACLS opened at $97.24 on Wednesday. The company has a current ratio of 3.79, a quick ratio of 2.71 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a 12 month low of $93.77 and a 12 month high of $201.00. The firm 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. The firm has a fifty day simple moving average of $109.51 and a two-hundred day simple moving average of $124.29.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data 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 net margin of 21.78% and a return on equity of 31.66%. The business had revenue of $310.29 million during the quarter, compared to analyst estimates of $297.92 million. During the same period in the prior year, the business earned $1.71 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts expect that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. B. Riley dropped their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. B. Riley Financial dropped their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

Insider Buying and Selling

In other Axcelis Technologies news, EVP Douglas A. Lawson purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average cost of $111.04 per share, for a total transaction of $55,520.00. Following the purchase, the executive vice president now directly owns 19,648 shares in the company, valued at $2,181,713.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.14% of the stock is owned by company insiders.

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.