Guidance Capital Inc. Has $445,000 Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Guidance Capital Inc. grew its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,242 shares of the semiconductor company’s stock after acquiring an additional 423 shares during the quarter. Guidance Capital Inc.’s holdings in Axcelis Technologies were worth $445,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Homestead Advisers Corp acquired a new position in shares of Axcelis Technologies in the first quarter valued at approximately $1,227,000. SG Americas Securities LLC bought a new position in shares of Axcelis Technologies during the 1st quarter worth approximately $791,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Axcelis Technologies by 309.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 17,549 shares of the semiconductor company’s stock worth $2,495,000 after buying an additional 13,258 shares in the last quarter. Annex Advisory Services LLC boosted its holdings in shares of Axcelis Technologies by 72.0% during the 3rd quarter. Annex Advisory Services LLC now owns 12,226 shares of the semiconductor company’s stock worth $1,282,000 after buying an additional 5,118 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Axcelis Technologies during the 1st quarter worth approximately $594,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Trading Up 0.3 %

ACLS stock traded up $0.25 during midday trading on Wednesday, hitting $90.65. The company had a trading volume of 112,112 shares, compared to its average volume of 626,217. 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 52 week low of $90.29 and a 52 week high of $158.61. The stock’s 50 day moving average price is $103.21 and its 200 day moving average price is $114.65. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 12.02, a PEG 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 for the quarter, beating 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 firm had revenue of $256.51 million during the quarter, compared to the consensus estimate of $250.06 million. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. As a group, equities research analysts expect that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. Bank of America boosted their price objective on Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Benchmark reduced their target price on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Craig Hallum boosted their price objective on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, B. Riley cut their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.33.

Insider Buying and Selling at Axcelis Technologies

In related news, Director Jorge Titinger sold 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total transaction of $669,338.28. Following the completion of the transaction, the director now owns 5,891 shares in the company, valued at $647,892.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.43% of the company’s stock.

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.