Aviva PLC Sells 2,659 Shares of Axcelis Technologies, Inc. $ACLS

Aviva PLC lessened its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 26.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,530 shares of the semiconductor company’s stock after selling 2,659 shares during the period. Aviva PLC’s holdings in Axcelis Technologies were worth $525,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ACLS. MassMutual Private Wealth & Trust FSB increased its position in shares of Axcelis Technologies by 50.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 161 shares during the period. Eagle Bay Advisors LLC boosted its holdings in shares of 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. Advisors Asset Management Inc. grew its stake in Axcelis Technologies by 16.3% in the first quarter. Advisors Asset Management Inc. now owns 1,969 shares of the semiconductor company’s stock worth $98,000 after purchasing an additional 276 shares in the last quarter. Parallel Advisors LLC increased its holdings in Axcelis Technologies by 129.0% during the 2nd quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 307 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Axcelis Technologies by 97.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 393 shares in the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Axcelis Technologies Stock Down 3.3%

Shares of ACLS stock opened at $82.62 on Friday. The stock’s fifty day moving average price is $86.76 and its 200 day moving average price is $75.17. Axcelis Technologies, Inc. has a 1-year low of $40.40 and a 1-year high of $102.93. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 16.90 and a beta of 1.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.01 and a quick ratio of 4.26.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. The business had revenue of $252.42 million for the quarter. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. On average, research analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ACLS shares. DA Davidson increased their price target on Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Axcelis Technologies in a report on Wednesday, October 8th. Bank of America downgraded shares of Axcelis Technologies from a “neutral” rating to an “underperform” rating and raised their target price for the company from $81.00 to $90.00 in a research report on Monday, October 13th. Zacks Research raised shares of Axcelis Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, B. Riley cut their price objective on shares of Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Axcelis Technologies currently has a consensus rating of “Hold” and an average price target of $98.80.

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.