Commonwealth Equity Services LLC Sells 98 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Commonwealth Equity Services LLC cut its position in Axcelis Technologies, Inc. (NASDAQ:ACLSFree Report) by 1.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,959 shares of the semiconductor company’s stock after selling 98 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Axcelis Technologies were worth $776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACLS. Rakuten Securities Inc. acquired a new position in shares of Axcelis Technologies in the fourth quarter valued at about $27,000. GAMMA Investing LLC grew its position in shares of Axcelis Technologies by 109.4% during the 1st quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 139 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of Axcelis Technologies by 1,188.0% during 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. Blue Trust Inc. raised its position in shares of Axcelis Technologies by 100.7% in the fourth quarter. Blue Trust Inc. now owns 305 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 153 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of Axcelis Technologies by 627.9% in the fourth quarter. Private Trust Co. NA now owns 313 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 270 shares during the period. 89.98% of the stock is owned by institutional investors and hedge funds.

Axcelis Technologies Stock Up 5.2 %

Shares of NASDAQ ACLS opened at $151.06 on Wednesday. The stock has a 50-day moving average price of $123.86 and a two-hundred day moving average price of $119.05. Axcelis Technologies, Inc. has a 12 month low of $93.77 and a 12 month high of $201.00. The company has a current ratio of 4.00, a quick ratio of 2.87 and a debt-to-equity ratio of 0.05. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 3.44 and a beta of 1.60.

Axcelis Technologies (NASDAQ:ACLSGet Free Report) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.31. The firm had revenue of $252.37 million for the quarter, compared to analyst estimates of $242.55 million. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. As a group, analysts forecast that Axcelis Technologies, Inc. will post 6.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on Axcelis Technologies

Insider Buying and Selling

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $114.42, for a total value of $137,304.00. Following the completion of the transaction, the director now directly owns 33,146 shares in the company, valued at approximately $3,792,565.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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.

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

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