Axcelis Technologies, Inc. (NASDAQ:ACLS) Position Boosted by CFM Wealth Partners LLC

CFM Wealth Partners LLC increased its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,263 shares of the semiconductor company’s stock after buying an additional 186 shares during the quarter. CFM Wealth Partners LLC owned about 0.08% of Axcelis Technologies worth $2,929,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Axcelis Technologies by 109.4% during the 1st quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 139 shares in the last quarter. Signaturefd LLC boosted its stake in Axcelis Technologies by 348.9% during the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 164 shares in the last quarter. Blue Trust Inc. boosted its stake in Axcelis Technologies by 223.8% during the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 188 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Axcelis Technologies during the 2nd quarter valued at $39,000. Finally, Isthmus Partners LLC boosted its stake in Axcelis Technologies by 87.3% during the 2nd quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 15,507 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ACLS shares. Bank of America raised their price objective on Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. B. Riley reduced their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Benchmark reduced their price objective on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. DA Davidson raised their price objective on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Craig Hallum raised their price objective on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Axcelis Technologies has an average rating of “Moderate Buy” and a consensus target price of $167.33.

Insiders Place Their Bets

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total transaction of $669,338.28. Following the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at $647,892.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.43% of the company’s stock.

Axcelis Technologies Price Performance

Shares of NASDAQ:ACLS opened at $96.60 on Wednesday. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a 1 year low of $93.77 and a 1 year high of $164.55. The business has a fifty day simple moving average of $105.02 and a 200 day simple moving average of $115.16. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 3.02 and a beta of 1.58.

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