Handelsbanken Fonder AB Lowers Stock Holdings in Axcelis Technologies, Inc. $ACLS

Handelsbanken Fonder AB lessened its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 20.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,100 shares of the semiconductor company’s stock after selling 2,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Axcelis Technologies were worth $564,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ACLS. MassMutual Private Wealth & Trust FSB grew its position in Axcelis Technologies by 50.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 161 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in Axcelis Technologies during the 1st quarter worth approximately $38,000. Parallel Advisors LLC lifted 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 buying an additional 307 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Axcelis Technologies by 100.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,352 shares of the semiconductor company’s stock worth $67,000 after buying an additional 677 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Axcelis Technologies by 48.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,105 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 361 shares during the period. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Axcelis Technologies Trading Down 1.3%

ACLS opened at $81.07 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.26 and a current ratio of 6.01. Axcelis Technologies, Inc. has a one year low of $40.40 and a one year high of $102.93. The company has a market cap of $2.51 billion, a P/E ratio of 16.58 and a beta of 1.75. The business’s 50-day simple moving average is $85.05 and its 200-day simple moving average is $77.25.

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

Wall Street Analyst Weigh In

ACLS has been the topic of a number of recent research reports. Bank of America lowered Axcelis Technologies from a “neutral” rating to an “underperform” rating and upped their price objective for the stock from $81.00 to $90.00 in a research report on Monday, October 13th. Wall Street Zen upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a research note on Monday, November 24th. Benchmark raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Thursday, October 2nd. Finally, B. Riley reduced their target price 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 analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $98.80.

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.