Harbor Capital Advisors Inc. Acquires 42,779 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Harbor Capital Advisors Inc. grew its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 243.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,328 shares of the semiconductor company’s stock after buying an additional 42,779 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.19% of Axcelis Technologies worth $6,325,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in Axcelis Technologies by 13.5% during the third quarter. US Bancorp DE now owns 4,131 shares of the semiconductor company’s stock valued at $433,000 after acquiring an additional 490 shares during the period. Nisa Investment Advisors LLC boosted its stake in Axcelis Technologies by 11.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company’s stock worth $112,000 after buying an additional 114 shares in the last quarter. Boston Trust Walden Corp bought a new stake in Axcelis Technologies in the third quarter valued at about $53,099,000. Assenagon Asset Management S.A. grew its stake in shares of Axcelis Technologies by 127.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 54,555 shares of the semiconductor company’s stock valued at $5,720,000 after purchasing an additional 30,609 shares during the period. Finally, Moody Aldrich Partners LLC grew its holdings in shares of Axcelis Technologies by 14.0% in the 3rd quarter. Moody Aldrich Partners LLC now owns 26,874 shares of the semiconductor company’s stock worth $2,818,000 after purchasing an additional 3,292 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total value of $669,338.28. Following the transaction, the director now directly owns 5,891 shares in the company, valued at $647,892.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.43% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on ACLS shares. Benchmark decreased their target price on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday, August 2nd. Bank of America increased their target price on shares of Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. B. Riley cut their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, DA Davidson boosted their price objective on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Axcelis Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $167.33.

Axcelis Technologies Stock Up 0.9 %

ACLS stock opened at $86.09 on Friday. Axcelis Technologies, Inc. has a twelve month low of $85.26 and a twelve month high of $158.61. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $99.27 and a two-hundred day moving average price of $113.66. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 2.72 and a beta of 1.58.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.18. The business had revenue of $256.51 million during the quarter, compared to analysts’ expectations of $250.06 million. Axcelis Technologies had a return on equity of 27.35% and a net margin of 21.54%. Axcelis Technologies’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the company posted $1.86 earnings per share. Analysts anticipate that Axcelis Technologies, Inc. will post 6.05 EPS for the current fiscal year.

About Axcelis Technologies

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.