Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC reduced its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 47.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 981 shares of the semiconductor company’s stock after selling 890 shares during the period. New Age Alpha Advisors LLC’s holdings in Axcelis Technologies were worth $49,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Bank of Montreal Can grew its holdings in Axcelis Technologies by 3.9% in the fourth quarter. Bank of Montreal Can now owns 4,540 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 170 shares during the period. Perkins Coie Trust Co grew its holdings in Axcelis Technologies by 9.2% in 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. Eagle Bay Advisors LLC grew its holdings in Axcelis Technologies by 3.8% in the first quarter. Eagle Bay Advisors LLC now owns 7,585 shares of the semiconductor company’s stock valued at $377,000 after purchasing an additional 275 shares during the period. Versant Capital Management Inc grew its holdings in Axcelis Technologies by 118.7% in 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 grew its holdings in Axcelis Technologies by 160.5% in 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 owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John T. Kurtzweil sold 1,682 shares of Axcelis Technologies stock in a transaction that occurred 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 in the company, valued at approximately $2,170,646.50. This trade represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.48% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on ACLS shares. DA Davidson raised their price objective on Axcelis Technologies from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. B. Riley raised their target price 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 given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $90.00.

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS opened at $78.00 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.01 and a quick ratio of 4.26. The business’s 50 day moving average price is $70.92 and its 200-day moving average price is $61.47. The firm has a market capitalization of $2.45 billion, a PE ratio of 15.95 and a beta of 1.58. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $117.57.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.40. The firm had revenue of $194.54 million for the quarter, compared to analyst estimates of $185.15 million. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%. The business’s revenue was down 24.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 earnings per share. As a group, equities research analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

About Axcelis Technologies

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.