38,800 Shares in Axcelis Technologies Inc (NASDAQ:ACLS) Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC purchased a new position in shares of Axcelis Technologies Inc (NASDAQ:ACLS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 38,800 shares of the semiconductor company’s stock, valued at approximately $1,114,000. Convergence Investment Partners LLC owned approximately 0.12% of Axcelis Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ACLS. Dimensional Fund Advisors LP increased its holdings in Axcelis Technologies by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,835,551 shares of the semiconductor company’s stock worth $50,201,000 after purchasing an additional 25,567 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Axcelis Technologies by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,282,745 shares of the semiconductor company’s stock valued at $26,873,000 after acquiring an additional 57,052 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in shares of Axcelis Technologies by 45.0% in the 3rd quarter. Peregrine Capital Management LLC now owns 830,397 shares of the semiconductor company’s stock valued at $22,711,000 after acquiring an additional 257,541 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of Axcelis Technologies by 2.6% in the 2nd quarter. Hood River Capital Management LLC now owns 815,456 shares of the semiconductor company’s stock valued at $17,084,000 after acquiring an additional 20,904 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Axcelis Technologies by 8.8% in the 2nd quarter. State Street Corp now owns 547,721 shares of the semiconductor company’s stock valued at $11,475,000 after acquiring an additional 44,530 shares during the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

ACLS has been the subject of a number of research analyst reports. B. Riley lowered their price target on Axcelis Technologies from $39.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday, January 22nd. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Thursday, November 2nd. Finally, Benchmark restated a “buy” rating and set a $33.00 price objective (down from $36.00) on shares of Axcelis Technologies in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $32.50.

In other news, CFO Kevin J. Brewer sold 44,640 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $33.93, for a total transaction of $1,514,635.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John T. Kurtzweil sold 1,800 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total value of $61,254.00. The disclosure for this sale can be found here. Corporate insiders own 5.66% of the company’s stock.

Shares of Axcelis Technologies Inc (ACLS) traded up $0.60 during mid-day trading on Friday, reaching $23.05. The company’s stock had a trading volume of 750,451 shares, compared to its average volume of 620,142. The firm has a market cap of $738.71, a price-to-earnings ratio of 6.16, a PEG ratio of 0.77 and a beta of 1.01. Axcelis Technologies Inc has a one year low of $14.60 and a one year high of $37.05.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.08. The business had revenue of $116.40 million during the quarter, compared to analyst estimates of $109.76 million. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The company’s revenue was up 67.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 earnings per share. research analysts expect that Axcelis Technologies Inc will post 1.34 EPS for the current fiscal year.

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Axcelis Technologies Profile

Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.

Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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