Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 29.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 955 shares of the semiconductor company’s stock after selling 391 shares during the period. Nisa Investment Advisors LLC’s holdings in Axcelis Technologies were worth $136,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Homestead Advisers Corp purchased a new position in shares of Axcelis Technologies during the 1st quarter valued at approximately $1,227,000. Rafferty Asset Management LLC boosted its stake in Axcelis Technologies by 14.8% during the 4th quarter. Rafferty Asset Management LLC now owns 203,622 shares of the semiconductor company’s stock valued at $26,408,000 after purchasing an additional 26,228 shares in the last quarter. SG Americas Securities LLC bought a new stake in Axcelis Technologies in the first quarter worth about $791,000. Annex Advisory Services LLC lifted 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 purchasing an additional 46,758 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Axcelis Technologies by 309.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 17,549 shares of the semiconductor company’s stock worth $2,495,000 after acquiring an additional 13,258 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ACLS. B. Riley decreased their target price on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday, August 2nd. DA Davidson lifted their price target on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Bank of America raised their target price on Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Finally, Benchmark dropped their price objective on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Axcelis Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $167.33.

Axcelis Technologies Price Performance

Shares of ACLS stock opened at $114.22 on Monday. Axcelis Technologies, Inc. has a 52 week low of $93.77 and a 52 week high of $196.03. The stock’s fifty day moving average is $128.85 and its 200-day moving average is $118.06. The stock has a market capitalization of $3.72 billion, a PE ratio of 15.09, a PEG ratio of 1.63 and a beta of 1.61. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.87 and a current ratio of 4.42.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.18. The business had revenue of $256.51 million for the quarter, compared to analyst estimates of $250.06 million. Axcelis Technologies had a return on equity of 27.35% and a net margin of 21.54%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same period last year, the company earned $1.86 EPS. Equities research analysts expect that Axcelis Technologies, Inc. will post 6.76 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jorge Titinger sold 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total value of $669,338.28. Following the completion of the transaction, the director now owns 5,891 shares in the company, valued at $647,892.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.43% of the stock is currently owned by company insiders.

Axcelis Technologies Company 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.