Reinhart Partners LLC. Has $72.10 Million Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Reinhart Partners LLC. boosted its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 64.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 687,608 shares of the semiconductor company’s stock after purchasing an additional 268,560 shares during the period. Axcelis Technologies comprises approximately 2.7% of Reinhart Partners LLC.’s investment portfolio, making the stock its 10th biggest position. Reinhart Partners LLC. owned approximately 2.11% of Axcelis Technologies worth $72,096,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Homestead Advisers Corp acquired a new stake in Axcelis Technologies in the first quarter valued at $1,227,000. SG Americas Securities LLC acquired a new stake in Axcelis Technologies during the 1st quarter worth about $791,000. Harbor Capital Advisors Inc. grew its holdings in Axcelis Technologies by 309.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 17,549 shares of the semiconductor company’s stock worth $2,495,000 after acquiring an additional 13,258 shares during the period. GSA Capital Partners LLP acquired a new stake in Axcelis Technologies during the 1st quarter worth about $594,000. Finally, Virtu Financial LLC grew its holdings in Axcelis Technologies by 281.5% during the 1st quarter. Virtu Financial LLC now owns 12,467 shares of the semiconductor company’s stock worth $1,390,000 after acquiring an additional 9,199 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Price Performance

Shares of NASDAQ ACLS opened at $101.18 on Friday. Axcelis Technologies, Inc. has a fifty-two week low of $93.77 and a fifty-two week high of $170.97. The firm’s 50-day simple moving average is $105.42 and its 200 day simple moving average is $115.30. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.26 and a current ratio of 4.42. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 3.02 and a beta of 1.58.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.37 by $0.18. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The firm had revenue of $256.51 million for the quarter, compared to analysts’ expectations of $250.06 million. During the same quarter last year, the firm earned $1.86 EPS. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jorge Titinger sold 6,086 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total transaction of $669,338.28. Following the completion of the sale, the director now owns 5,891 shares in the company, valued at $647,892.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.43% of the company’s stock.

Analysts Set New Price Targets

ACLS has been the topic of a number of research analyst reports. B. Riley cut their price objective on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. DA Davidson increased their price objective on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. Craig Hallum increased their price objective on shares of Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Bank of America increased their price objective on shares of Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Axcelis Technologies has a consensus rating of “Moderate Buy” and an average target price of $167.33.

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.