Teachers Advisors LLC raised its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 11.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,867 shares of the semiconductor company’s stock after buying an additional 5,633 shares during the quarter. Teachers Advisors LLC owned about 0.18% of Axcelis Technologies worth $1,129,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ACLS. Peregrine Capital Management LLC grew its position in shares of Axcelis Technologies by 405.6% in the 2nd quarter. Peregrine Capital Management LLC now owns 572,856 shares of the semiconductor company’s stock worth $12,001,000 after buying an additional 459,560 shares during the last quarter. Bank of Montreal Can grew its position in shares of Axcelis Technologies by 106,193.5% in the 2nd quarter. Bank of Montreal Can now owns 329,510 shares of the semiconductor company’s stock worth $6,902,000 after buying an additional 329,200 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Axcelis Technologies by 10.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,766,009 shares of the semiconductor company’s stock worth $33,200,000 after buying an additional 163,016 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Axcelis Technologies by 247.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 161,665 shares of the semiconductor company’s stock worth $3,386,000 after buying an additional 115,111 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Axcelis Technologies in the 2nd quarter worth approximately $1,843,000. Hedge funds and other institutional investors own 74.68% of the company’s stock.

A number of equities research analysts have recently weighed in on ACLS shares. Benchmark Co. reiterated a “buy” rating and issued a $28.00 price objective (up from $24.00) on shares of Axcelis Technologies in a research report on Friday, September 8th. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. B. Riley reiterated a “buy” rating and issued a $30.00 price objective on shares of Axcelis Technologies in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Friday, July 14th. Finally, BidaskClub lowered Axcelis Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Axcelis Technologies currently has an average rating of “Hold” and an average price target of $25.67.

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Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) opened at 32.90 on Wednesday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 35.30 and a beta of 1.15. Axcelis Technologies, Inc. has a 52-week low of $11.05 and a 52-week high of $33.67. The company’s 50 day moving average price is $28.26 and its 200 day moving average price is $23.28.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Axcelis Technologies had a return on equity of 12.52% and a net margin of 9.10%. The firm had revenue of $102.80 million during the quarter, compared to the consensus estimate of $100.07 million. During the same period last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 59.4% compared to the same quarter last year. On average, analysts predict that Axcelis Technologies, Inc. will post $1.26 EPS for the current year.

In related news, CFO Kevin J. Brewer sold 17,339 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $20.75, for a total value of $359,784.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Douglas A. Lawson sold 14,454 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $21.12, for a total value of $305,268.48. The disclosure for this sale can be found here. In the last three months, insiders sold 106,641 shares of company stock worth $2,347,514. 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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Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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