Intrinsic Edge Capital Management LLC Has $2,968,000 Stake in Axcelis Technologies, Inc. (ACLS)
Intrinsic Edge Capital Management LLC held its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,658 shares of the semiconductor company’s stock at the end of the 2nd quarter. Intrinsic Edge Capital Management LLC owned 0.45% of Axcelis Technologies worth $2,968,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Axcelis Technologies by 391.3% in the second quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock valued at $103,000 after acquiring an additional 3,913 shares during the period. FNY Partners Fund LP purchased a new stake in shares of Axcelis Technologies in the first quarter valued at $107,000. Creative Planning raised its stake in shares of Axcelis Technologies by 22,400.0% in the second quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 5,600 shares during the period. Voya Investment Management LLC purchased a new stake in shares of Axcelis Technologies in the second quarter valued at $271,000. Finally, American International Group Inc. raised its stake in shares of Axcelis Technologies by 7.1% in the first quarter. American International Group Inc. now owns 17,943 shares of the semiconductor company’s stock valued at $337,000 after acquiring an additional 1,184 shares during the period. 75.34% of the stock is currently owned by institutional investors.
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Several equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Needham & Company LLC reissued a “buy” rating and issued a $27.00 target price (up previously from $23.00) on shares of Axcelis Technologies in a research note on Friday, June 16th. Wedbush increased their target price on shares of Axcelis Technologies from $23.00 to $27.00 in a research note on Friday, June 16th. Finally, Benchmark Co. reissued a “buy” rating and issued a $28.00 target price (up previously from $24.00) on shares of Axcelis Technologies in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $25.67.
Shares of Axcelis Technologies, Inc. (ACLS) traded down 0.089% during midday trading on Friday, hitting $27.925. 46,414 shares of the stock traded hands. Axcelis Technologies, Inc. has a 12-month low of $11.05 and a 12-month high of $29.40. The company’s 50 day moving average price is $23.12 and its 200-day moving average price is $21.47. The stock has a market cap of $871.90 million, a price-to-earnings ratio of 29.962 and a beta of 1.15.
Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $102.80 million during the quarter, compared to analysts’ expectations of $100.07 million. Axcelis Technologies had a net margin of 9.10% and a return on equity of 12.52%. The firm’s quarterly revenue was up 59.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 earnings per share. On average, equities research analysts expect that Axcelis Technologies, Inc. will post $1.26 EPS for the current year.
In related news, EVP William J. Bintz sold 12,500 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $22.57, for a total value of $282,125.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Douglas A. Lawson sold 14,454 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $21.12, for a total transaction of $305,268.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,641 shares of company stock worth $2,347,514. 5.66% of the stock is owned by insiders.
Axcelis Technologies Profile
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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