Allspring Global Investments Holdings LLC Sells 222,264 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Allspring Global Investments Holdings LLC reduced its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLSFree Report) by 93.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,594 shares of the semiconductor company’s stock after selling 222,264 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Axcelis Technologies were worth $1,628,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new position in shares of Axcelis Technologies in the 4th quarter valued at approximately $2,127,000. Rafferty Asset Management LLC raised its stake in Axcelis Technologies by 14.8% during the fourth quarter. Rafferty Asset Management LLC now owns 203,622 shares of the semiconductor company’s stock valued at $26,408,000 after buying an additional 26,228 shares during the last quarter. Annex Advisory Services LLC raised its stake in Axcelis Technologies by 964.1% during the fourth quarter. Annex Advisory Services LLC now owns 51,608 shares of the semiconductor company’s stock valued at $6,693,000 after buying an additional 46,758 shares during the last quarter. Harber Asset Management LLC purchased a new position in Axcelis Technologies during the fourth quarter valued at $5,165,000. Finally, Capstone Investment Advisors LLC purchased a new position in Axcelis Technologies during the fourth quarter valued at $218,000. 89.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director John T. Kurtzweil sold 1,200 shares of Axcelis Technologies stock in a transaction on Monday, May 20th. The stock was sold at an average price of $114.42, for a total value of $137,304.00. Following the completion of the sale, the director now owns 33,146 shares of the company’s stock, valued at $3,792,565.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.14% of the stock is currently owned by corporate insiders.

Axcelis Technologies Stock Performance

Shares of ACLS opened at $141.75 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.00 and a quick ratio of 2.87. Axcelis Technologies, Inc. has a one year low of $93.77 and a one year high of $201.00. The firm has a market capitalization of $4.61 billion, a P/E ratio of 18.73, a PEG ratio of 3.42 and a beta of 1.60. The business has a fifty day moving average of $122.31 and a 200 day moving average of $119.12.

Axcelis Technologies (NASDAQ:ACLSGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.26 by $0.31. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The company had revenue of $252.37 million during the quarter, compared to analyst estimates of $242.55 million. As a group, sell-side analysts anticipate that Axcelis Technologies, Inc. will post 6.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Benchmark lowered their price objective on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, May 3rd. B. Riley boosted their price target on Axcelis Technologies from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Finally, Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Axcelis Technologies currently has an average rating of “Moderate Buy” and an average target price of $173.00.

Read Our Latest Analysis on ACLS

Axcelis Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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