Maryland State Retirement & Pension System Reduces Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Maryland State Retirement & Pension System lowered its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLSFree Report) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,778 shares of the semiconductor company’s stock after selling 124 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Axcelis Technologies were worth $1,201,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ACLS. AlphaMark Advisors LLC bought a new stake in Axcelis Technologies during the 1st quarter valued at $262,000. Guidance Capital Inc. bought a new stake in Axcelis Technologies during the 1st quarter valued at $360,000. Future Financial Wealth Managment LLC bought a new stake in Axcelis Technologies during the 1st quarter valued at $112,000. Annex Advisory Services LLC raised its position in Axcelis Technologies by 26.6% during the 1st quarter. Annex Advisory Services LLC now owns 65,324 shares of the semiconductor company’s stock valued at $7,285,000 after purchasing an additional 13,716 shares in the last quarter. Finally, Bridge City Capital LLC raised its position in Axcelis Technologies by 17.1% during the 1st quarter. Bridge City Capital LLC now owns 31,122 shares of the semiconductor company’s stock valued at $3,471,000 after purchasing an additional 4,534 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Trading Up 0.0 %

Shares of NASDAQ:ACLS opened at $141.81 on Friday. The business’s 50-day moving average is $123.09 and its 200 day moving average is $119.17. Axcelis Technologies, Inc. has a 1 year low of $93.77 and a 1 year high of $201.00. The firm has a market capitalization of $4.61 billion, a P/E ratio of 18.73, a P/E/G ratio of 3.44 and a beta of 1.60. 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 (NASDAQ:ACLSGet Free Report) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $242.55 million. On average, research analysts predict that Axcelis Technologies, Inc. will post 6.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. B. Riley lifted their target price on Axcelis Technologies from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday, May 3rd. Craig Hallum raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Friday, May 3rd. Finally, Benchmark reduced their price target on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

Get Our Latest Stock Analysis on Axcelis Technologies

Insider Activity at Axcelis Technologies

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

About Axcelis Technologies

(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.

See Also

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

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