Jackson Square Partners LLC Cuts Stock Position in Axcelis Technologies, Inc. $ACLS
Jackson Square Partners LLC has significantly reduced its stake in Axcelis Technologies, Inc. by 83.3%, now holding 35,049 shares valued at approximately $2.44 million. Other institutional investors, including Vanguard and Reinhart Partners, have adjusted their positions as well. Analysts have mixed ratings on the stock, with an average target price of $98.80. Axcelis Technologies has a market cap of $2.69 billion and reported earnings of $1.71 per share last quarter.
Jackson Square Partners LLC lowered its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 83.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,049 shares of the semiconductor company's stock after selling 175,295 shares during the period. Jackson Square Partners LLC owned approximately 0.11% of Axcelis Technologies worth $2,443,000 at the end of the most recent reporting period.
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Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Axcelis Technologies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 4,439,902 shares of the semiconductor company's stock worth $220,530,000 after purchasing an additional 43,768 shares in the last quarter. Reinhart Partners LLC. raised its holdings in Axcelis Technologies by 5.4% in the second quarter. Reinhart Partners LLC. now owns 1,518,544 shares of the semiconductor company's stock valued at $105,828,000 after acquiring an additional 77,522 shares in the last quarter. American Century Companies Inc. lifted its stake in Axcelis Technologies by 7.6% in the first quarter. American Century Companies Inc. now owns 1,140,495 shares of the semiconductor company's stock worth $56,648,000 after acquiring an additional 80,399 shares during the last quarter. Boston Trust Walden Corp grew its holdings in Axcelis Technologies by 2.4% during the 2nd quarter. Boston Trust Walden Corp now owns 845,911 shares of the semiconductor company's stock worth $58,952,000 after acquiring an additional 19,579 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Axcelis Technologies by 7.5% in the first quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company's stock valued at $31,560,000 after buying an additional 44,275 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.
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Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Bank of America cut Axcelis Technologies from a "neutral" rating to an "underperform" rating and upped their price objective for the stock from $81.00 to $90.00 in a research report on Monday, October 13th. Benchmark upgraded shares of Axcelis Technologies from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a research note on Thursday, October 2nd. DA Davidson boosted their price target on shares of Axcelis Technologies from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. B. Riley dropped their price target on Axcelis Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Wall Street Zen raised Axcelis Technologies from a "hold" rating to a "buy" rating in a report on Sunday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $98.80.
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Check Out Our Latest Stock Report on Axcelis Technologies
Axcelis Technologies Stock Performance
Shares of ACLS opened at $85.74 on Friday. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $102.93. The stock has a market capitalization of $2.69 billion, a P/E ratio of 17.53 and a beta of 1.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.26 and a current ratio of 6.01. The company's fifty day moving average is $86.28 and its two-hundred day moving average is $74.11.
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Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share for the quarter. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. The business had revenue of $252.42 million for the quarter. On average, sell-side analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.
Axcelis Technologies Profile
(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.
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