3,765 Shares in Axcelis Technologies, Inc. $ACLS Bought by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division acquired a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the second quarter, Holdings Channel.com reports. The firm acquired 3,765 shares of the semiconductor company’s stock, valued at approximately $713,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp grew its stake in shares of Axcelis Technologies by 3.5% during the second quarter. KERR FINANCIAL PLANNING Corp now owns 2,225 shares of the semiconductor company’s stock valued at $422,000 after acquiring an additional 75 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Axcelis Technologies during the first quarter worth about $646,000. Parallel Advisors LLC increased its position in shares of Axcelis Technologies by 22.0% during the first quarter. Parallel Advisors LLC now owns 665 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 120 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of Axcelis Technologies by 96.1% in the first quarter. Segall Bryant & Hamill LLC now owns 200,371 shares of the semiconductor company’s stock worth $18,651,000 after acquiring an additional 98,184 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of Axcelis Technologies in the first quarter worth about $313,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. B. Riley Financial upgraded Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Monday, April 20th. Zacks Research raised Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings downgraded shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Finally, Bank of America lifted their price target on shares of Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $130.25.

Insider Activity

In other news, Director Necip Sayiner sold 1,586 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $157.44, for a total value of $249,699.84. Following the completion of the sale, the director directly owned 7,112 shares in the company, valued at approximately $1,119,713.28. The trade was a 18.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eileen Evans sold 926 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $155.51, for a total value of $144,002.26. Following the sale, the executive vice president directly owned 31,295 shares in the company, valued at approximately $4,866,685.45. This represents a 2.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,083 shares of company stock valued at $4,001,032 over the last three months. Company insiders own 0.49% of the company’s stock.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $136.67 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.99 and a current ratio of 4.59. Axcelis Technologies, Inc. has a one year low of $73.60 and a one year high of $193.78. The company’s 50-day simple moving average is $153.04 and its 200-day simple moving average is $123.90. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 9.89 and a beta of 1.92.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $198.96 million during the quarter, compared to the consensus estimate of $195.03 million. Axcelis Technologies had a return on equity of 12.19% and a net margin of 11.93%.The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $0.88 earnings per share. Equities analysts anticipate that Axcelis Technologies, Inc. will post 3.21 earnings per share for the current fiscal year.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.