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

Great Valley Advisor Group Inc. trimmed its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 39.2% in the 4th quarter, according to the company in 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 period. Great Valley Advisor Group Inc.’s holdings in Axcelis Technologies were worth $494,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new stake in Axcelis Technologies in the fourth quarter worth about $27,000. NBC Securities Inc. purchased a new stake in Axcelis Technologies in the third quarter worth about $28,000. Clearstead Advisors LLC purchased a new stake in Axcelis Technologies in the third quarter worth about $33,000. C M Bidwell & Associates Ltd. purchased a new stake in Axcelis Technologies in the third quarter worth about $34,000. Finally, Global Retirement Partners LLC grew its holdings in Axcelis Technologies by 1,188.0% in the fourth quarter. Global Retirement Partners LLC now owns 322 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 297 shares during the period. 89.98% of the stock is owned by institutional investors.

Axcelis Technologies Stock Up 4.5 %

Shares of Axcelis Technologies stock opened at $111.45 on Monday. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 1.20 and a beta of 1.64. The company’s 50 day moving average is $107.79 and its 200 day moving average is $120.99. Axcelis Technologies, Inc. has a twelve month low of $93.77 and a twelve month high of $201.00. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.05.

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

Insiders Place Their Bets

In other Axcelis Technologies news, EVP Douglas A. Lawson purchased 500 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were acquired at an average cost of $111.04 per share, for a total transaction of $55,520.00. Following the completion of the transaction, 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 accessible through the SEC website. Insiders own 1.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Benchmark cut their price objective on shares of Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Friday. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday. Craig Hallum upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Friday. B. Riley cut their price target on shares of Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Friday. Finally, B. Riley Financial cut their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.00.

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.