GSA Capital Partners LLP Buys New Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Posted by Defense World Staff on Jun 8th, 2023

GSA Capital Partners LLP bought a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,061 shares of the semiconductor company’s stock, valued at approximately $402,000.

Several other institutional investors have also recently added to or reduced their stakes in ACLS. Belpointe Asset Management LLC acquired a new position in Axcelis Technologies in the 4th quarter valued at about $25,000. Ronald Blue Trust Inc. boosted its position in shares of Axcelis Technologies by 892.6% in the fourth quarter. Ronald Blue Trust Inc. now owns 536 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 482 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Axcelis Technologies by 42.8% in the third quarter. Public Employees Retirement System of Ohio now owns 527 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 158 shares during the last quarter. Beacon Capital Management LLC acquired a new stake in shares of Axcelis Technologies in the fourth quarter worth approximately $56,000. Finally, CWM LLC boosted its position in shares of Axcelis Technologies by 19.5% in the fourth quarter. CWM LLC now owns 875 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 143 shares during the last quarter. Institutional investors and hedge funds own 86.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ACLS has been the topic of several research analyst reports. Loop Capital initiated coverage on shares of Axcelis Technologies in a research report on Monday, February 27th. They issued a “buy” rating and a $150.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price on shares of Axcelis Technologies in a research report on Tuesday, March 28th. Craig Hallum lifted their price target on shares of Axcelis Technologies from $113.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, February 10th. StockNews.com started coverage on shares of Axcelis Technologies in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, B. Riley lifted their price target on shares of Axcelis Technologies from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, February 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Axcelis Technologies has an average rating of “Moderate Buy” and an average price target of $145.33.

Insider Buying and Selling

In other Axcelis Technologies news, EVP Douglas A. Lawson sold 5,734 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $122.00, for a total transaction of $699,548.00. Following the completion of the sale, the executive vice president now owns 35,205 shares in the company, valued at $4,295,010. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Douglas A. Lawson sold 5,734 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $122.00, for a total transaction of $699,548.00. Following the completion of the transaction, the executive vice president now owns 35,205 shares of the company’s stock, valued at $4,295,010. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Tzu Yin Chiu sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $118.50, for a total transaction of $1,185,000.00. Following the transaction, the director now directly owns 18,873 shares of the company’s stock, valued at approximately $2,236,450.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,081 shares of company stock worth $15,217,111. Insiders own 1.43% of the company’s stock.

Axcelis Technologies Trading Up 3.3 %

NASDAQ ACLS opened at $170.50 on Thursday. The company’s fifty day simple moving average is $134.17 and its 200-day simple moving average is $114.89. Axcelis Technologies, Inc. has a 52 week low of $46.41 and a 52 week high of $175.00. The company has a current ratio of 3.49, a quick ratio of 2.51 and a debt-to-equity ratio of 0.06. The stock has a market cap of $5.58 billion, a P/E ratio of 30.07 and a beta of 1.71.

Axcelis Technologies (NASDAQ:ACLS – Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The semiconductor company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.18. The business had revenue of $254.02 million during the quarter, compared to analyst estimates of $239.89 million. Axcelis Technologies had a net margin of 19.49% and a return on equity of 29.43%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 earnings per share. Equities research analysts predict that Axcelis Technologies, Inc. will post 6.44 EPS for the current fiscal year.

About Axcelis Technologies

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Axcelis Technologies, Inc engages in the manufacture of capital equipment for the semiconductor chip manufacturing industry. It ion implantation systems product line includes high and medium current, and energy implanters. It also offers post-sales equipment service and support, such as spare parts, equipment upgrades, used equipment, maintenance services, and customer training.