Axcelis Technologies, Inc. $ACLS Stock Holdings Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 52.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,260 shares of the semiconductor company's stock after purchasing an additional 13,197 shares during the period. Envestnet Asset Management Inc. owned about 0.12% of Axcelis Technologies worth $2,666,000 at the end of the most recent quarter.

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Several other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of Axcelis Technologies by 50.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company's stock valued at $34,000 after buying an additional 161 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Axcelis Technologies in the first quarter worth approximately $38,000. Parallel Advisors LLC grew its position in Axcelis Technologies by 129.0% in the second quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 307 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Axcelis Technologies by 97.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 393 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Axcelis Technologies by 255.5% during the 1st quarter. Signaturefd LLC now owns 1,294 shares of the semiconductor company's stock valued at $64,000 after purchasing an additional 930 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACLS has been the subject of a number of recent research reports. DA Davidson upped their price objective on shares of Axcelis Technologies from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Bank of America downgraded Axcelis Technologies from a "neutral" rating to an "underperform" rating and upped their price target for the stock from $81.00 to $90.00 in a research note on Monday, October 13th. Zacks Research raised Axcelis Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 6th. B. Riley reduced their target price on Axcelis Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Axcelis Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Axcelis Technologies has an average rating of "Hold" and a consensus target price of $98.80.

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Get Our Latest Analysis on ACLS

Axcelis Technologies Stock Down 1.3%

Shares of ACLS stock opened at $81.54 on Monday. Axcelis Technologies, Inc. has a 12 month low of $40.40 and a 12 month high of $102.93. The company has a quick ratio of 4.26, a current ratio of 6.01 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.53 billion, a PE ratio of 16.67 and a beta of 1.75. The stock has a 50 day moving average of $86.78 and a 200-day moving average of $75.77.

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Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. The business had revenue of $252.42 million for the quarter. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. On average, equities analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current 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.

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