Linden Thomas Advisory Services LLC Buys Shares of 1,656 Axcelis Technologies, Inc. (NASDAQ:ACLS)

Linden Thomas Advisory Services LLC bought a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,656 shares of the semiconductor company’s stock, valued at approximately $215,000.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in shares of Axcelis Technologies during the fourth quarter worth about $27,000. NBC Securities Inc. acquired a new position in shares of Axcelis Technologies during the third quarter worth about $28,000. Clearstead Advisors LLC purchased a new stake in Axcelis Technologies during the third quarter worth approximately $33,000. C M Bidwell & Associates Ltd. purchased a new stake in Axcelis Technologies during the third quarter worth approximately $34,000. Finally, Global Retirement Partners LLC lifted its stake in Axcelis Technologies by 1,188.0% during the fourth quarter. Global Retirement Partners LLC now owns 322 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 297 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Axcelis Technologies

In related news, EVP Douglas A. Lawson purchased 500 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was acquired at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the completion of the purchase, the executive vice president now directly owns 19,648 shares of the company’s stock, valued at $2,181,713.92. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. B. Riley decreased their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 9th. B. Riley Financial decreased their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

Axcelis Technologies Price Performance

Shares of NASDAQ ACLS opened at $103.06 on Friday. The company has a current ratio of 3.79, a quick ratio of 2.71 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a twelve month low of $93.77 and a twelve month high of $201.00. The stock has a 50 day moving average of $108.41 and a two-hundred day moving average of $123.55. The stock has a market cap of $3.36 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.06 and a beta of 1.63.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.17. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The company had revenue of $310.29 million during the quarter, compared to analysts’ expectations of $297.92 million. During the same quarter in the previous year, the business earned $1.71 earnings per share. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, research analysts forecast that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current year.

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.