Amalgamated Bank Has $462,000 Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Amalgamated Bank cut its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,309 shares of the semiconductor company’s stock after selling 294 shares during the quarter. Amalgamated Bank’s holdings in Axcelis Technologies were worth $462,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Bank of Montreal Can lifted its holdings in shares of Axcelis Technologies by 3.9% during the fourth quarter. Bank of Montreal Can now owns 4,540 shares of the semiconductor company’s stock worth $317,000 after buying an additional 170 shares during the last quarter. Signaturefd LLC increased its position in shares of Axcelis Technologies by 90.6% during the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 173 shares during the period. Perkins Coie Trust Co increased its position in shares of Axcelis Technologies by 9.2% during the first quarter. Perkins Coie Trust Co now owns 2,675 shares of the semiconductor company’s stock valued at $133,000 after purchasing an additional 225 shares during the period. Versant Capital Management Inc increased its position in shares of Axcelis Technologies by 118.7% during the first quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 317 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of Axcelis Technologies by 160.5% during the first quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 358 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS opened at $75.65 on Friday. The business’s fifty day moving average price is $64.32 and its two-hundred day moving average price is $61.24. Axcelis Technologies, Inc. has a fifty-two week low of $40.40 and a fifty-two week high of $158.00. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 4.99 and a beta of 1.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.56 and a quick ratio of 4.08.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.65. The company had revenue of $192.56 million for the quarter, compared to analyst estimates of $184.86 million. Axcelis Technologies had a return on equity of 18.55% and a net margin of 18.58%. The business’s revenue was down 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 earnings per share. As a group, analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director John T. Kurtzweil sold 1,682 shares of the company’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $61.93, for a total transaction of $104,166.26. Following the transaction, the director owned 35,050 shares of the company’s stock, valued at $2,170,646.50. This represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley upped their price target on Axcelis Technologies from $58.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, June 18th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Axcelis Technologies has a consensus rating of “Hold” and an average target price of $132.50.

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.