Harbor Capital Advisors Inc. Purchases 13,258 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Harbor Capital Advisors Inc. boosted its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 309.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,549 shares of the semiconductor company’s stock after purchasing an additional 13,258 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.05% of Axcelis Technologies worth $2,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Rakuten Securities Inc. bought a new stake in shares of Axcelis Technologies in the 4th quarter worth approximately $27,000. GAMMA Investing LLC grew its position in shares of Axcelis Technologies by 109.4% in the 1st quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock worth $30,000 after buying an additional 139 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Axcelis Technologies by 1,188.0% in the 4th quarter. Global Retirement Partners LLC now owns 322 shares of the semiconductor company’s stock worth $39,000 after buying an additional 297 shares during the last quarter. Blue Trust Inc. grew its position in shares of Axcelis Technologies by 100.7% in the 4th quarter. Blue Trust Inc. now owns 305 shares of the semiconductor company’s stock worth $40,000 after buying an additional 153 shares during the last quarter. Finally, Private Trust Co. NA grew its position in shares of 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 buying an additional 270 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ACLS. Benchmark dropped their price target on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Bank of America boosted their target price on Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Craig Hallum boosted their target price on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, July 12th. B. Riley dropped their target price on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, DA Davidson boosted their target price on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Trading Down 4.0 %

Shares of NASDAQ ACLS traded down $4.30 during midday trading on Wednesday, hitting $102.88. The company’s stock had a trading volume of 240,255 shares, compared to its average volume of 640,979. The company has a current ratio of 4.42, a quick ratio of 2.87 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $131.98 and its two-hundred day moving average is $120.15. Axcelis Technologies, Inc. has a 12-month low of $93.77 and a 12-month high of $196.03. The firm has a market cap of $3.35 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.37 by $0.18. The company had revenue of $256.51 million for the quarter, compared to the consensus estimate of $250.06 million. Axcelis Technologies had a return on equity of 27.35% and a net margin of 21.54%. Axcelis Technologies’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the business posted $1.86 EPS. As a group, equities research analysts expect that Axcelis Technologies, Inc. will post 6.76 EPS for the current year.

Insider Buying and Selling at Axcelis Technologies

In related news, Director Jorge Titinger sold 6,086 shares of Axcelis Technologies stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total value of $669,338.28. Following the completion of the transaction, the director now owns 5,891 shares in the company, valued at approximately $647,892.18. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Jorge Titinger sold 6,086 shares of Axcelis Technologies stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total value of $669,338.28. Following the sale, the director now directly owns 5,891 shares in the company, valued at approximately $647,892.18. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John T. Kurtzweil sold 1,200 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 33,146 shares in the company, valued at $3,792,565.32. The disclosure for this sale can be found here. Company 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.