Two Sigma Investments LP boosted its stake in Axcelis Technologies (NASDAQ:ACLS) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,508 shares of the semiconductor company’s stock after buying an additional 12,016 shares during the period. Two Sigma Investments LP owned 0.70% of Axcelis Technologies worth $6,415,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ACLS. Louisiana State Employees Retirement System acquired a new position in shares of Axcelis Technologies during the fourth quarter valued at $387,000. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Axcelis Technologies during the third quarter valued at $655,000. Convergence Investment Partners LLC acquired a new position in shares of Axcelis Technologies during the fourth quarter valued at $1,114,000. Comerica Bank acquired a new position in shares of Axcelis Technologies during the fourth quarter valued at $869,000. Finally, First Trust Advisors LP acquired a new position in shares of Axcelis Technologies during the third quarter valued at $680,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

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Axcelis Technologies (NASDAQ ACLS) opened at $26.50 on Friday. Axcelis Technologies has a 52 week low of $15.50 and a 52 week high of $37.05. The firm has a market capitalization of $898.00, a PE ratio of 19.01, a P/E/G ratio of 1.05 and a beta of 1.05.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.08. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The business had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $109.76 million. During the same quarter last year, the business posted $0.13 earnings per share. The company’s quarterly revenue was up 67.7% on a year-over-year basis. sell-side analysts predict that Axcelis Technologies will post 1.34 earnings per share for the current fiscal year.

In related news, Director Joseph P. Keithley sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $26.75, for a total transaction of $107,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Douglas A. Lawson sold 3,478 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $26.52, for a total value of $92,236.56. The disclosure for this sale can be found here. Company insiders own 5.66% of the company’s stock.

A number of research analysts have recently commented on ACLS shares. Benchmark reissued a “buy” rating and set a $33.00 price target (down from $36.00) on shares of Axcelis Technologies in a report on Thursday, January 18th. Zacks Investment Research lowered Axcelis Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, February 9th. B. Riley lowered their price target on Axcelis Technologies from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. BidaskClub raised Axcelis Technologies from a “sell” rating to a “hold” rating in a research note on Friday. Finally, ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $32.50.

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Axcelis Technologies Company Profile

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides dry strip equipment, curing systems, and thermal processing systems.

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Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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