Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lessened its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,174 shares of the semiconductor company’s stock after selling 139 shares during the quarter. Arizona State Retirement System’s holdings in Axcelis Technologies were worth $1,190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ronald Blue Trust Inc. boosted its stake in shares of Axcelis Technologies by 74.7% in the third quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 65 shares during the period. NBC Securities Inc. purchased a new position in shares of Axcelis Technologies in the third quarter valued at approximately $28,000. Clearstead Advisors LLC purchased a new position in shares of Axcelis Technologies in the third quarter valued at approximately $33,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Axcelis Technologies in the third quarter valued at approximately $34,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Axcelis Technologies in the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ACLS shares. B. Riley decreased their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 9th. B. Riley Financial decreased their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $189.00.

Insiders Place Their Bets

In related news, EVP Douglas A. Lawson bought 500 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $111.04 per share, for a total transaction of $55,520.00. Following the transaction, the executive vice president now owns 19,648 shares of the company’s stock, valued at $2,181,713.92. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.43% of the company’s stock.

Axcelis Technologies Stock Down 3.2 %

Shares of Axcelis Technologies stock opened at $104.61 on Monday. The company has a 50 day moving average of $113.15 and a 200 day moving average of $127.32. Axcelis Technologies, Inc. has a 52-week low of $103.25 and a 52-week high of $201.00. The company has a quick ratio of 2.71, a current ratio of 3.79 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.41 billion, a P/E ratio of 14.08, a P/E/G ratio of 2.23 and a beta of 1.63.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Thursday, February 8th. The semiconductor company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.98 by $0.17. The company had revenue of $310.29 million for the quarter, compared to analyst estimates of $297.92 million. Axcelis Technologies had a net margin of 21.78% and a return on equity of 31.66%. The business’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 EPS. As a group, research analysts forecast that Axcelis Technologies, Inc. will post 6.88 EPS for the current fiscal year.

Axcelis Technologies 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.