Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Sold by LSV Asset Management

LSV Asset Management lessened its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 2.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 27,300 shares of the semiconductor company’s stock after selling 700 shares during the quarter. LSV Asset Management’s holdings in Axcelis Technologies were worth $3,541,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. NBC Securities Inc. purchased a new position in shares of Axcelis Technologies during the 3rd quarter valued at approximately $28,000. Clearstead Advisors LLC purchased a new stake in shares of Axcelis Technologies during the third quarter worth about $33,000. Rakuten Securities Inc. acquired a new position in shares of Axcelis Technologies during the 4th quarter worth about $27,000. C M Bidwell & Associates Ltd. acquired a new stake in Axcelis Technologies in the 3rd quarter worth about $34,000. Finally, Blue Trust Inc. increased its stake in Axcelis Technologies by 100.7% during the 4th quarter. Blue Trust Inc. now owns 305 shares of the semiconductor company’s stock worth $40,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

NASDAQ:ACLS opened at $111.46 on Thursday. The company has a market capitalization of $3.63 billion, a P/E ratio of 14.72, a P/E/G ratio of 1.24 and a beta of 1.64. The company has a quick ratio of 2.87, a current ratio of 4.00 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a 52 week low of $93.77 and a 52 week high of $201.00. The stock’s fifty day moving average is $107.89 and its two-hundred day moving average is $120.46.

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

Wall Street Analysts Forecast Growth

ACLS has been the subject of several research reports. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, May 3rd. Craig Hallum raised shares of 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, May 3rd. B. Riley dropped their price target on Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Benchmark lowered their price objective on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Finally, B. Riley Financial lowered their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Axcelis Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $169.00.

Insiders Place Their Bets

In other news, EVP Douglas A. Lawson acquired 500 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was acquired at an average cost of $111.04 per share, with a total value of $55,520.00. Following the completion of the purchase, the executive vice president now owns 19,648 shares of the company’s stock, valued at approximately $2,181,713.92. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.14% of the stock is owned by insiders.

Axcelis Technologies Company 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.