Voya Investment Management LLC Sells 8,500 Shares of Axcelis Technologies, Inc. $ACLS

Voya Investment Management LLC cut its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 36.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,676 shares of the semiconductor company’s stock after selling 8,500 shares during the quarter. Voya Investment Management LLC’s holdings in Axcelis Technologies were worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. State of Alaska Department of Revenue boosted its holdings in shares of Axcelis Technologies by 6.0% during the second quarter. State of Alaska Department of Revenue now owns 19,097 shares of the semiconductor company’s stock worth $1,330,000 after purchasing an additional 1,085 shares during the period. Boston Partners lifted its holdings in Axcelis Technologies by 42.3% in the 2nd quarter. Boston Partners now owns 474,043 shares of the semiconductor company’s stock worth $33,616,000 after buying an additional 141,004 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Axcelis Technologies by 70.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,036 shares of the semiconductor company’s stock worth $630,000 after buying an additional 3,750 shares during the period. Atria Wealth Solutions Inc. bought a new stake in shares of Axcelis Technologies in the 2nd quarter worth approximately $524,000. Finally, Mizuho Markets Cayman LP purchased a new position in shares of Axcelis Technologies during the second quarter valued at about $2,956,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on ACLS. Weiss Ratings reissued a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday, December 22nd. Bank of America downgraded shares of Axcelis Technologies from a “neutral” rating to an “underperform” rating and raised their price target for the company from $81.00 to $90.00 in a research report on Monday, October 13th. DA Davidson upped their price objective on Axcelis Technologies from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Benchmark upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research note on Thursday, October 2nd. Finally, Wall Street Zen upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 14th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Axcelis Technologies presently has a consensus rating of “Hold” and an average price target of $98.80.

Insider Transactions at Axcelis Technologies

In other news, Director Jorge Titinger sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $86.05, for a total transaction of $172,100.00. Following the completion of the sale, the director owned 7,477 shares of the company’s stock, valued at $643,395.85. This represents a 21.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gerald M. Blumenstock sold 3,034 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $89.46, for a total transaction of $271,421.64. Following the completion of the transaction, the executive vice president directly owned 18,661 shares in the company, valued at approximately $1,669,413.06. The trade was a 13.98% decrease in their position. The SEC filing for this sale provides additional information. 0.48% of the stock is currently owned by corporate insiders.

Axcelis Technologies Trading Down 1.0%

NASDAQ:ACLS opened at $81.82 on Tuesday. The company has a market cap of $2.54 billion, a PE ratio of 19.34 and a beta of 1.73. The company has a current ratio of 4.95, a quick ratio of 3.32 and a debt-to-equity ratio of 0.04. The company has a 50 day simple moving average of $83.35 and a two-hundred day simple moving average of $80.88. Axcelis Technologies, Inc. has a 12 month low of $40.40 and a 12 month high of $102.93.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. Axcelis Technologies had a return on equity of 14.58% and a net margin of 15.93%.The firm had revenue of $252.42 million for the quarter. Research analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

About Axcelis Technologies

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.