Mirae Asset Global Investments Co. Ltd. Cuts Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,830 shares of the semiconductor company’s stock after selling 127 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Axcelis Technologies were worth $5,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Ronald Blue Trust Inc. increased its position in shares of Axcelis Technologies by 74.7% during the third quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 65 shares during the period. Bessemer Group Inc. grew its stake in shares of Axcelis Technologies by 27.5% during the fourth quarter. Bessemer Group Inc. now owns 389 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 84 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Axcelis Technologies by 2.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,140 shares of the semiconductor company’s stock worth $418,000 after purchasing an additional 84 shares in the last quarter. Ensign Peak Advisors Inc grew its stake in shares of Axcelis Technologies by 1.0% during the first quarter. Ensign Peak Advisors Inc now owns 10,540 shares of the semiconductor company’s stock worth $1,404,000 after purchasing an additional 100 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Axcelis Technologies by 1.3% during the third quarter. Arizona State Retirement System now owns 9,313 shares of the semiconductor company’s stock worth $1,518,000 after purchasing an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

ACLS has been the subject of a number of analyst reports. B. Riley lowered their target price 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 lowered their target price 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $189.00.

Insider Transactions at Axcelis Technologies

In other Axcelis Technologies news, EVP Douglas A. Lawson bought 500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was acquired 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 owns 19,648 shares of the company’s stock, valued at $2,181,713.92. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.43% of the company’s stock.

Axcelis Technologies Stock Performance

NASDAQ ACLS opened at $104.61 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.79 and a quick ratio of 2.71. Axcelis Technologies, Inc. has a 1 year low of $103.25 and a 1 year high of $201.00. The company has a market capitalization of $3.41 billion, a PE ratio of 14.08, a P/E/G ratio of 2.23 and a beta of 1.63. The company has a fifty day moving average of $113.15 and a two-hundred day moving average of $127.32.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.17. Axcelis Technologies had a net margin of 21.78% and a return on equity of 31.66%. The business had revenue of $310.29 million during the quarter, compared to the consensus estimate of $297.92 million. During the same quarter in the prior year, the firm earned $1.71 earnings per share. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, analysts expect that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current 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.