D.A. Davidson & CO. Has $413,000 Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Posted by on Jul 18th, 2023

D.A. Davidson & CO. lowered its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report) by 18.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 3,100 shares of the semiconductor company’s stock after selling 700 shares during the period. D.A. Davidson & CO.’s holdings in Axcelis Technologies were worth $413,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp grew its stake in Axcelis Technologies by 83.7% in the first quarter. Fifth Third Bancorp now owns 191 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 87 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in Axcelis Technologies during the 4th quarter valued at approximately $25,000. Money Concepts Capital Corp bought a new stake in Axcelis Technologies during the 4th quarter valued at approximately $30,000. Bessemer Group Inc. raised its position in Axcelis Technologies by 27.5% in the fourth quarter. Bessemer Group Inc. now owns 389 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 84 shares in the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new position in Axcelis Technologies in the fourth quarter worth about $40,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ACLS shares. B. Riley raised their price objective on shares of Axcelis Technologies from $165.00 to $225.00 in a report on Monday. William Blair started coverage on shares of Axcelis Technologies in a report on Monday, June 5th. They set an “outperform” rating for the company. StockNews.com initiated coverage on shares of Axcelis Technologies in a report on Thursday, May 18th. They set a “hold” rating for the company. Needham & Company LLC lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, B. Riley Financial raised their price target on shares of Axcelis Technologies from $165.00 to $225.00 in a report on Monday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $166.71.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies news, Director Tzu Yin Chiu sold 10,000 shares of the stock in a transaction that occurred 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 owns 18,873 shares in the company, valued at approximately $2,236,450.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Tzu Yin Chiu sold 10,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 18,873 shares of the company’s stock, valued at approximately $2,236,450.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mary G. Puma sold 11,800 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $181.80, for a total transaction of $2,145,240.00. Following the completion of the transaction, the insider now directly owns 263,058 shares of the company’s stock, valued at approximately $47,823,944.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,181 shares of company stock worth $17,592,020. Insiders own 1.43% of the company’s stock.

Axcelis Technologies Trading Up 6.9 %

ACLS opened at $192.27 on Tuesday. The firm’s fifty day simple moving average is $162.52 and its 200 day simple moving average is $133.92. The company has a current ratio of 3.49, a quick ratio of 2.51 and a debt-to-equity ratio of 0.06. Axcelis Technologies, Inc. has a 12 month low of $49.78 and a 12 month high of $193.61. The stock has a market capitalization of $6.29 billion, a P/E ratio of 33.91 and a beta of 1.71.

Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last issued its earnings results on Thursday, May 4th. The semiconductor company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.18. Axcelis Technologies had a net margin of 19.49% and a return on equity of 29.43%. The company had revenue of $254.02 million for the quarter, compared to analysts’ expectations of $239.89 million. During the same period in the prior year, the firm earned $1.22 EPS. Axcelis Technologies’s quarterly revenue was up 24.8% compared to the same quarter last year. As a group, research analysts anticipate that Axcelis Technologies, Inc. will post 6.47 EPS for the current fiscal year.

About Axcelis Technologies

(Free Report)

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.

Read More

Want to see what other hedge funds are holding ACLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report).

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

Receive News & Ratings for Axcelis Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axcelis Technologies and related companies with MarketBeat.com's FREE daily email newsletter.