Fox Run Management L.L.C. Acquires Shares of 27,543 Axcelis Technologies, Inc. $ACLS

Fox Run Management L.L.C. bought a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 27,543 shares of the semiconductor company’s stock, valued at approximately $1,919,000.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in Axcelis Technologies by 57.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,783 shares of the semiconductor company’s stock worth $291,000 after buying an additional 2,112 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Axcelis Technologies during the 1st quarter valued at approximately $236,000. Principal Financial Group Inc. grew its holdings in shares of Axcelis Technologies by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 194,038 shares of the semiconductor company’s stock worth $9,638,000 after acquiring an additional 5,479 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Axcelis Technologies by 16.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 25,063 shares of the semiconductor company’s stock worth $1,245,000 after acquiring an additional 3,561 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Axcelis Technologies by 97.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 393 shares during the period. Institutional investors own 89.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ACLS shares. Wall Street Zen raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Axcelis Technologies in a report on Wednesday, October 8th. B. Riley decreased their price target on shares of Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday. DA Davidson boosted their price objective 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. Finally, Benchmark raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Thursday, October 2nd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $98.80.

Axcelis Technologies Price Performance

ACLS opened at $85.74 on Friday. The stock has a 50-day moving average price of $86.28 and a 200-day moving average price of $74.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.01 and a quick ratio of 4.26. The firm has a market cap of $2.69 billion, a PE ratio of 17.53 and a beta of 1.75. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $102.93.

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

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.