Blackhawk Capital Partners LLC. Acquires Shares of 6,871 Axcelis Technologies, Inc. (NASDAQ:ACLS)

Blackhawk Capital Partners LLC. bought a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,871 shares of the semiconductor company’s stock, valued at approximately $766,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACLS. Rakuten Securities Inc. bought a new position in shares of Axcelis Technologies during the 4th quarter valued at about $27,000. GAMMA Investing LLC boosted its stake in Axcelis Technologies by 109.4% during the first quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 139 shares during the last quarter. Blue Trust Inc. grew its holdings in Axcelis Technologies by 100.7% during the 4th quarter. Blue Trust Inc. now owns 305 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 153 shares in the last quarter. Private Trust Co. NA increased its stake in Axcelis Technologies by 627.9% in the 4th quarter. Private Trust Co. NA now owns 313 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 270 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in Axcelis Technologies by 1,188.0% during the fourth quarter. Global Retirement Partners LLC now owns 322 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 297 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Insider Buying and Selling

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $114.42, for a total value of $137,304.00. Following the completion of the sale, the director now directly owns 33,146 shares in the company, valued at approximately $3,792,565.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.14% of the stock is owned by insiders.

Axcelis Technologies Trading Up 0.0 %

ACLS stock traded up $0.06 during midday trading on Friday, reaching $141.81. The company’s stock had a trading volume of 524,587 shares, compared to its average volume of 507,227. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 3.44 and a beta of 1.60. Axcelis Technologies, Inc. has a 1 year low of $93.77 and a 1 year high of $201.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.87 and a current ratio of 4.00. The stock has a fifty day simple moving average of $123.09 and a two-hundred day simple moving average of $119.17.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.26 by $0.31. The company had revenue of $252.37 million for the quarter, compared to the consensus estimate of $242.55 million. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. On average, equities research analysts predict that Axcelis Technologies, Inc. will post 6.41 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, May 3rd. B. Riley boosted their target price on Axcelis Technologies from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Friday, May 3rd. Finally, Benchmark cut their price objective on shares of Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Axcelis Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.00.

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.