Seven Eight Capital LP Buys 20,252 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Seven Eight Capital LP boosted its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 252.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,265 shares of the semiconductor company’s stock after purchasing an additional 20,252 shares during the quarter. Seven Eight Capital LP’s holdings in Axcelis Technologies were worth $3,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new stake in Axcelis Technologies in the fourth quarter valued at about $27,000. NBC Securities Inc. bought a new stake in Axcelis Technologies in the third quarter valued at about $28,000. Clearstead Advisors LLC bought a new stake in Axcelis Technologies in the third quarter valued at about $33,000. C M Bidwell & Associates Ltd. bought a new stake in Axcelis Technologies in the third quarter valued at about $34,000. Finally, Global Retirement Partners LLC increased its holdings in Axcelis Technologies by 1,188.0% in the fourth quarter. Global Retirement Partners LLC now owns 322 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 297 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Insider Buying and Selling

In related news, Director John T. Kurtzweil sold 1,200 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $114.42, for a total transaction of $137,304.00. Following the completion of the transaction, the director now directly owns 33,146 shares in the company, valued at $3,792,565.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.43% of the stock is owned by corporate insiders.

Axcelis Technologies Stock Down 1.9 %

Shares of NASDAQ:ACLS traded down $2.36 during mid-day trading on Friday, reaching $124.96. 471,095 shares of the stock were exchanged, compared to its average volume of 445,891. The company has a quick ratio of 2.87, a current ratio of 4.00 and a debt-to-equity ratio of 0.05. The company has a market cap of $4.06 billion, a P/E ratio of 16.51, a P/E/G ratio of 3.03 and a beta of 1.54. Axcelis Technologies, Inc. has a one year low of $93.77 and a one year high of $201.00. The stock’s 50 day simple moving average is $109.06 and its 200-day simple moving average is $117.60.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.31. The business had revenue of $252.37 million during the quarter, compared to the consensus estimate of $242.55 million. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. As a group, equities research analysts predict that Axcelis Technologies, Inc. will post 6.41 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Benchmark dropped their price objective on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating for the company in a report on Friday, May 3rd. B. Riley lowered their price target on Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Craig Hallum upgraded 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, May 3rd. Finally, Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Axcelis Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $169.00.

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.