CAPROCK Group Inc. Invests $281000 in Axcelis Technologies, Inc. (NASDAQ:ACLS) – Defense World
Posted by admin on Jun 26th, 2022 
CAPROCK Group Inc. bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) in the first quarter, Holdings Channel reports. The institutional investor bought 3,716 shares of the semiconductor company’s stock, valued at approximately $281,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC grew its stake in Axcelis Technologies by 74.6% during the 4th quarter. Millennium Management LLC now owns 534,103 shares of the semiconductor company’s stock valued at $39,823,000 after acquiring an additional 228,256 shares in the last quarter. Covestor Ltd purchased a new stake in Axcelis Technologies during the 4th quarter valued at about $56,000. Everence Capital Management Inc. grew its stake in Axcelis Technologies by 48.3% during the 1st quarter. Everence Capital Management Inc. now owns 11,700 shares of the semiconductor company’s stock valued at $884,000 after acquiring an additional 3,810 shares in the last quarter. Clark Capital Management Group Inc. purchased a new stake in Axcelis Technologies during the 4th quarter valued at about $1,864,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Axcelis Technologies during the 4th quarter valued at about $310,000. 83.38% of the stock is owned by institutional investors.
NASDAQ:ACLS opened at $58.20 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.40 and a quick ratio of 3.02. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 16.03 and a beta of 1.66. The company’s 50-day moving average is $57.24 and its two-hundred day moving average is $63.96. Axcelis Technologies, Inc. has a 1-year low of $33.36 and a 1-year high of $83.74.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last posted its earnings results on Wednesday, May 4th. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.30. Axcelis Technologies had a net margin of 16.88% and a return on equity of 23.53%. The company had revenue of $203.60 million for the quarter, compared to analyst estimates of $193.12 million. During the same period in the previous year, the business posted $0.48 EPS. Axcelis Technologies’s revenue was up 53.3% on a year-over-year basis. As a group, equities analysts anticipate that Axcelis Technologies, Inc. will post 4.4 earnings per share for the current fiscal year.
Several analysts recently issued reports on ACLS shares. StockNews.com cut shares of Axcelis Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 25th. B. Riley dropped their price objective on shares of Axcelis Technologies from $98.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, June 15th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Axcelis Technologies has a consensus rating of “Buy” and an average target price of $75.75.
Axcelis Technologies Company Profile (Get Rating)
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. The company offers high energy, high current, and medium current implanters for various application requirements.
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