Gallacher Capital Management LLC Buys 1,699 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Gallacher Capital Management LLC grew its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 87.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,637 shares of the semiconductor company’s stock after acquiring an additional 1,699 shares during the period. Gallacher Capital Management LLC’s holdings in Axcelis Technologies were worth $472,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Chartwell Investment Partners LLC purchased a new stake in Axcelis Technologies during the third quarter valued at about $437,000. Louisiana State Employees Retirement System bought a new position in Axcelis Technologies in the 4th quarter worth approximately $2,127,000. Fuller & Thaler Asset Management Inc. boosted its holdings in Axcelis Technologies by 8.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 224,118 shares of the semiconductor company’s stock worth $36,542,000 after buying an additional 17,885 shares during the period. Barclays PLC grew its stake in Axcelis Technologies by 267.0% in the 3rd quarter. Barclays PLC now owns 100,409 shares of the semiconductor company’s stock valued at $16,372,000 after buying an additional 73,053 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Axcelis Technologies by 2.0% during the 3rd quarter. Northern Trust Corp now owns 392,377 shares of the semiconductor company’s stock valued at $63,977,000 after acquiring an additional 7,595 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ACLS. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Friday. Craig Hallum raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Friday. B. Riley decreased their price target on shares of Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Friday. Benchmark dropped their price objective on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Friday. Finally, B. Riley Financial reduced their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Axcelis Technologies has a consensus rating of “Moderate Buy” and an average price target of $169.00.

Axcelis Technologies Trading Up 4.5 %

Shares of ACLS stock traded up $4.81 during mid-day trading on Friday, reaching $111.45. The stock had a trading volume of 763,595 shares, compared to its average volume of 536,798. The firm has a market capitalization of $3.63 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 1.20 and a beta of 1.64. The stock’s 50-day moving average price is $107.79 and its two-hundred day moving average price is $120.99. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a 52-week low of $93.77 and a 52-week high of $201.00.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.33. The firm had revenue of $252.37 million for the quarter, compared to analyst estimates of $242.61 million. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.43 EPS. Equities analysts expect that Axcelis Technologies, Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Activity

In other Axcelis Technologies news, EVP Douglas A. Lawson purchased 500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average cost of $111.04 per share, with a total value of $55,520.00. Following the transaction, the executive vice president now directly owns 19,648 shares in the company, valued at approximately $2,181,713.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.43% of the stock is currently 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.