Nuveen Asset Management LLC Sells 2,128 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Nuveen Asset Management LLC cut its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,403 shares of the semiconductor company’s stock after selling 2,128 shares during the period. Nuveen Asset Management LLC owned about 0.36% of Axcelis Technologies worth $7,171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACLS. BlackRock Inc. lifted its stake in shares of Axcelis Technologies by 1.0% in the 1st quarter. BlackRock Inc. now owns 5,059,666 shares of the semiconductor company’s stock valued at $382,156,000 after acquiring an additional 48,051 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Axcelis Technologies by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 2,742,101 shares of the semiconductor company’s stock valued at $207,111,000 after acquiring an additional 69,185 shares during the last quarter. State Street Corp lifted its stake in shares of Axcelis Technologies by 2.7% in the 2nd quarter. State Street Corp now owns 1,113,461 shares of the semiconductor company’s stock valued at $61,062,000 after acquiring an additional 28,785 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Axcelis Technologies by 22.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 456,584 shares of the semiconductor company’s stock valued at $25,039,000 after acquiring an additional 85,203 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Axcelis Technologies by 52.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 450,517 shares of the semiconductor company’s stock valued at $24,706,000 after acquiring an additional 154,258 shares during the last quarter. 86.47% of the stock is currently owned by institutional investors.

Axcelis Technologies Stock Performance

Shares of Axcelis Technologies stock opened at $123.69 on Monday. The company has a current ratio of 3.54, a quick ratio of 2.56 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $112.87 and a two-hundred day moving average price of $84.24. Axcelis Technologies, Inc. has a 1-year low of $46.41 and a 1-year high of $135.96. The company has a market cap of $4.05 billion, a P/E ratio of 22.65 and a beta of 1.72.

Axcelis Technologies (NASDAQ:ACLS – Get Rating) last issued its quarterly earnings results on Thursday, February 9th. The semiconductor company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.25. Axcelis Technologies had a return on equity of 30.16% and a net margin of 19.90%. The firm had revenue of $266.05 million during the quarter, compared to the consensus estimate of $251.80 million. During the same period last year, the business posted $1.05 EPS. The business’s revenue was up 29.3% compared to the same quarter last year. As a group, analysts anticipate that Axcelis Technologies, Inc. will post 5.55 EPS for the current year.

Analyst Upgrades and Downgrades

ACLS has been the subject of a number of research reports. B. Riley increased their price target on Axcelis Technologies from $115.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, February 10th. Needham & Company LLC increased their price objective on Axcelis Technologies from $100.00 to $140.00 and gave the company a “buy” rating in a report on Friday, February 10th. Benchmark restated a “buy” rating and issued a $142.00 price objective on shares of Axcelis Technologies in a report on Tuesday, March 7th. DA Davidson restated a “buy” rating on shares of Axcelis Technologies in a report on Wednesday, March 1st. Finally, Loop Capital started coverage on Axcelis Technologies in a report on Monday, February 27th. They issued a “buy” rating and a $150.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.33.

Insider Activity

In other news, Director Tzu Yin Chiu sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $127.12, for a total value of $216,104.00. Following the completion of the sale, the director now directly owns 28,873 shares in the company, valued at approximately $3,670,335.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.15% of the stock is currently owned by company insiders.

Axcelis Technologies Company Profile

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Axcelis Technologies, Inc engages in the manufacture of capital equipment for the semiconductor chip manufacturing industry. It ion implantation systems product line includes high and medium current, and energy implanters. It also offers post-sales equipment service and support, such as spare parts, equipment upgrades, used equipment, maintenance services, and customer training.