Gallacher Capital Management LLC Buys 1,699 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Gallacher Capital Management LLC grew its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 87.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,637 shares of the semiconductor company’s stock after purchasing an additional 1,699 shares during the quarter. Gallacher Capital Management LLC’s holdings in Axcelis Technologies were worth $472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Exchange Traded Concepts LLC purchased a new stake in Axcelis Technologies in the third quarter worth about $71,000. Raymond James & Associates increased its holdings in shares of Axcelis Technologies by 7.8% in the 3rd quarter. Raymond James & Associates now owns 18,393 shares of the semiconductor company’s stock valued at $2,999,000 after acquiring an additional 1,331 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Axcelis Technologies by 22.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,751 shares of the semiconductor company’s stock worth $612,000 after acquiring an additional 700 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Axcelis Technologies by 29.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 6,780 shares of the semiconductor company’s stock worth $1,105,000 after purchasing an additional 1,556 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in Axcelis Technologies by 23.3% during the third quarter. New York State Teachers Retirement System now owns 23,678 shares of the semiconductor company’s stock valued at $3,861,000 after purchasing an additional 4,472 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS traded up $4.81 during midday trading on Friday, reaching $111.45. 763,595 shares of the stock were exchanged, compared to its average volume of 536,798. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.20 and a beta of 1.64. The firm has a 50-day simple moving average of $107.79 and a two-hundred day simple moving average of $120.99. Axcelis Technologies, Inc. has a twelve month low of $93.77 and a twelve month high of $201.00.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Thursday, May 2nd. The semiconductor company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.33. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. The business had revenue of $252.37 million for the quarter, compared to analyst estimates of $242.61 million. During the same period in the prior year, the company posted $1.43 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts anticipate that Axcelis Technologies, Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling at Axcelis Technologies

In related news, EVP Douglas A. Lawson purchased 500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average price of $111.04 per share, with a total value of $55,520.00. Following the purchase, the executive vice president now owns 19,648 shares of the company’s stock, valued at $2,181,713.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.43% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. B. Riley Financial decreased their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday. Benchmark lowered their target price on shares of Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Friday. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Friday. Finally, B. Riley decreased their target price on Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating for the company in a report on Friday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $169.00.

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.