Spark Investment Management LLC Buys Shares of 77,800 Axcelis Technologies, Inc. (NASDAQ:ACLS)
Spark Investment Management LLC bought a new stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 77,800 shares of the semiconductor company’s stock, valued at approximately $1,629,000. Spark Investment Management LLC owned approximately 0.26% of Axcelis Technologies as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. FNY Partners Fund LP bought a new position in Axcelis Technologies during the first quarter valued at $107,000. Creative Planning raised its position in Axcelis Technologies by 22,400.0% in the second quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 5,600 shares during the period. Metropolitan Life Insurance Co. NY raised its position in Axcelis Technologies by 11.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 20,593 shares of the semiconductor company’s stock valued at $300,000 after buying an additional 2,060 shares during the period. American International Group Inc. raised its position in Axcelis Technologies by 7.1% in the first quarter. American International Group Inc. now owns 17,943 shares of the semiconductor company’s stock valued at $337,000 after buying an additional 1,184 shares during the period. Finally, PEAK6 Investments L.P. raised its position in Axcelis Technologies by 160.8% in the first quarter. PEAK6 Investments L.P. now owns 18,799 shares of the semiconductor company’s stock valued at $353,000 after buying an additional 11,591 shares during the period. Institutional investors own 77.13% of the company’s stock.
Shares of Axcelis Technologies, Inc. (ACLS) opened at 21.75 on Tuesday. Axcelis Technologies, Inc. has a 12 month low of $10.74 and a 12 month high of $26.52. The stock has a 50 day moving average price of $22.67 and a 200 day moving average price of $19.29. The firm has a market capitalization of $654.57 million, a P/E ratio of 36.55 and a beta of 1.11.
Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $102.80 million during the quarter, compared to the consensus estimate of $100.07 million. Axcelis Technologies had a net margin of 9.10% and a return on equity of 13.02%. The firm’s revenue for the quarter was up 59.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. On average, analysts expect that Axcelis Technologies, Inc. will post $1.23 earnings per share for the current year.
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Several research firms have weighed in on ACLS. B. Riley restated a “buy” rating and set a $30.00 target price on shares of Axcelis Technologies in a report on Wednesday, May 10th. Needham & Company LLC restated a “buy” rating and set a $27.00 target price (up from $23.00) on shares of Axcelis Technologies in a report on Friday, June 16th. 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 report on Monday, May 15th. BidaskClub lowered Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $24.67.
In other Axcelis Technologies news, insider Mary G. Puma sold 187,500 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $21.05, for a total value of $3,946,875.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP William J. Bintz sold 86,242 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $21.05, for a total transaction of $1,815,394.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 558,009 shares of company stock worth $12,202,355. 5.66% of the stock is owned by insiders.
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.
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