Great Valley Advisor Group Inc. Sells 2,459 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Great Valley Advisor Group Inc. reduced its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 39.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,806 shares of the semiconductor company’s stock after selling 2,459 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Axcelis Technologies were worth $494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chartwell Investment Partners LLC acquired a new stake in shares of Axcelis Technologies during the third quarter worth $437,000. Louisiana State Employees Retirement System purchased a new stake in Axcelis Technologies during the 4th quarter valued at about $2,127,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Axcelis Technologies by 8.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 224,118 shares of the semiconductor company’s stock worth $36,542,000 after acquiring an additional 17,885 shares during the last quarter. Barclays PLC lifted its holdings in shares of Axcelis Technologies by 267.0% in the 3rd quarter. Barclays PLC now owns 100,409 shares of the semiconductor company’s stock worth $16,372,000 after acquiring an additional 73,053 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Axcelis Technologies by 2.0% in the 3rd quarter. Northern Trust Corp now owns 392,377 shares of the semiconductor company’s stock worth $63,977,000 after acquiring an additional 7,595 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ACLS. Craig Hallum upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Friday. B. Riley dropped their price objective on shares of Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday. Benchmark dropped their price objective on shares of Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday. B. Riley Financial dropped their price objective 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $169.00.

Insider Activity at Axcelis Technologies

In related news, EVP Douglas A. Lawson acquired 500 shares of Axcelis Technologies stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the completion of the purchase, the executive vice president now directly owns 19,648 shares of the company’s stock, valued at $2,181,713.92. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.43% of the company’s stock.

Axcelis Technologies Trading Up 4.5 %

Shares of Axcelis Technologies stock opened at $111.45 on Monday. Axcelis Technologies, Inc. has a 1 year low of $93.77 and a 1 year high of $201.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.71 and a current ratio of 4.00. The company has a market capitalization of $3.63 billion, a P/E ratio of 14.72, a PEG ratio of 1.20 and a beta of 1.64. The company’s fifty day moving average is $107.79 and its two-hundred day moving average is $120.99.

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

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.