Russell Investments Group Ltd. increased its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 247.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 161,665 shares of the semiconductor company’s stock after buying an additional 115,111 shares during the period. Russell Investments Group Ltd. owned 0.54% of Axcelis Technologies worth $3,386,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Axcelis Technologies by 11.9% in the first quarter. Geode Capital Management LLC now owns 231,298 shares of the semiconductor company’s stock valued at $4,348,000 after buying an additional 24,530 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Axcelis Technologies by 5.2% in the first quarter. Vanguard Group Inc. now owns 1,225,693 shares of the semiconductor company’s stock valued at $23,043,000 after buying an additional 61,085 shares during the last quarter. Schneider Capital Management Corp increased its stake in shares of Axcelis Technologies by 0.7% in the first quarter. Schneider Capital Management Corp now owns 394,346 shares of the semiconductor company’s stock valued at $7,414,000 after buying an additional 2,783 shares during the last quarter. Primecap Management Co. CA increased its stake in shares of Axcelis Technologies by 4.0% in the first quarter. Primecap Management Co. CA now owns 3,617,800 shares of the semiconductor company’s stock valued at $68,015,000 after buying an additional 139,407 shares during the last quarter. Finally, Donald Smith & CO. Inc. increased its stake in shares of Axcelis Technologies by 6.9% in the first quarter. Donald Smith & CO. Inc. now owns 2,996,651 shares of the semiconductor company’s stock valued at $56,337,000 after buying an additional 192,111 shares during the last quarter. 75.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Axcelis Technologies, Inc. (NASDAQ ACLS) traded up 1.23% during mid-day trading on Tuesday, reaching $20.55. The company’s stock had a trading volume of 85,989 shares. The company has a 50 day moving average of $21.54 and a 200-day moving average of $19.82. Axcelis Technologies, Inc. has a 12 month low of $11.05 and a 12 month high of $26.52. The firm has a market capitalization of $641.63 million, a P/E ratio of 22.05 and a beta of 1.11.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $102.80 million for the quarter, compared to the consensus estimate of $100.07 million. Axcelis Technologies had a return on equity of 12.52% and a net margin of 9.10%. The business’s quarterly revenue was up 59.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. Equities research analysts forecast that Axcelis Technologies, Inc. will post $1.25 EPS for the current year.

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ACLS has been the topic of several recent analyst reports. Zacks Investment Research raised Axcelis Technologies from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, May 3rd. B. Riley reaffirmed a “buy” rating and set a $30.00 target price on shares of Axcelis Technologies in a research note on Friday, May 5th. Benchmark Co. reaffirmed a “buy” rating and set a $24.00 target price (up previously from $21.00) on shares of Axcelis Technologies in a research note on Friday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $23.00 target price (up previously from $20.00) on shares of Axcelis Technologies in a research note on Friday, May 5th. Finally, Stifel Nicolaus cut their target price on Axcelis Technologies from $19.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, May 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $24.67.

In other Axcelis Technologies news, CFO Kevin J. Brewer sold 17,339 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $20.75, for a total transaction of $359,784.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP William J. Bintz sold 75,000 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $23.39, for a total transaction of $1,754,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 178,043 shares of company stock worth $4,109,015. Insiders own 5.66% of the company’s stock.

About Axcelis Technologies

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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