JPMorgan Chase & Co. Purchases 7,856 Shares of Axcelis Technologies, Inc. $ACLS

JPMorgan Chase & Co. increased its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,867 shares of the semiconductor company’s stock after purchasing an additional 7,856 shares during the quarter. JPMorgan Chase & Co.’s holdings in Axcelis Technologies were worth $12,396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers acquired a new stake in shares of Axcelis Technologies during the first quarter worth approximately $273,000. PNC Financial Services Group Inc. grew its position in Axcelis Technologies by 22.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,358 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 425 shares during the last quarter. Vanguard Group Inc. grew its position in Axcelis Technologies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 4,439,902 shares of the semiconductor company’s stock worth $220,530,000 after acquiring an additional 43,768 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Axcelis Technologies by 4.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 386,007 shares of the semiconductor company’s stock valued at $19,173,000 after purchasing an additional 16,071 shares in the last quarter. Finally, Citigroup Inc. raised its position in Axcelis Technologies by 35.1% in the 1st quarter. Citigroup Inc. now owns 159,623 shares of the semiconductor company’s stock valued at $7,928,000 after purchasing an additional 41,436 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Price Performance

Shares of ACLS stock opened at $90.82 on Monday. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 21.47 and a beta of 1.73. Axcelis Technologies, Inc. has a 12 month low of $40.40 and a 12 month high of $102.93. The company has a quick ratio of 3.32, a current ratio of 4.95 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $83.87 and a 200 day moving average price of $78.22.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. Axcelis Technologies had a net margin of 15.93% and a return on equity of 14.58%. The company had revenue of $252.42 million for the quarter. Research analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ACLS shares. Bank of America cut Axcelis Technologies from a “neutral” rating to an “underperform” rating and increased their target price for the stock from $81.00 to $90.00 in a report on Monday, October 13th. Zacks Research upgraded shares of Axcelis Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. DA Davidson increased their price objective on shares of Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Axcelis Technologies in a research note on Monday, December 1st. Finally, Benchmark upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Axcelis Technologies presently has a consensus rating of “Hold” and an average target price of $98.80.

About Axcelis Technologies

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.