Mitsubishi UFJ Asset Management Co. Ltd. Buys 21,000 Shares of Axcelis Technologies, Inc. $ACLS

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 62.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,521 shares of the semiconductor company’s stock after purchasing an additional 21,000 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.17% of Axcelis Technologies worth $3,800,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its holdings in Axcelis Technologies by 50.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 161 shares during the period. Parallel Advisors LLC boosted its position in shares of Axcelis Technologies by 129.0% during the 2nd quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 307 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Axcelis Technologies during the 1st quarter worth approximately $38,000. Nisa Investment Advisors LLC increased its stake in Axcelis Technologies by 97.5% in the first quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 393 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Axcelis Technologies by 48.5% during the second quarter. Parkside Financial Bank & Trust now owns 1,105 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 361 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Wall Street Analyst Weigh In

ACLS has been the topic of a number of research analyst reports. DA Davidson raised their target price on Axcelis Technologies from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. B. Riley dropped their price objective on Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Zacks Research raised Axcelis Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Axcelis Technologies in a research report on Wednesday, October 8th. Finally, Bank of America downgraded Axcelis Technologies from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $81.00 to $90.00 in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $98.80.

Axcelis Technologies Stock Down 3.3%

NASDAQ:ACLS opened at $82.62 on Friday. Axcelis Technologies, Inc. has a one year low of $40.40 and a one year high of $102.93. 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 company has a market cap of $2.56 billion, a PE ratio of 16.90 and a beta of 1.75. The firm’s 50 day simple moving average is $86.76 and its 200 day simple moving average is $75.17.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. The firm had revenue of $252.42 million during the quarter. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. On average, research analysts anticipate that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current 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.