Axcelis Technologies, Inc. $ACLS Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 95.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,485 shares of the semiconductor company’s stock after selling 102,037 shares during the period. Pacer Advisors Inc.’s holdings in Axcelis Technologies were worth $438,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in Axcelis Technologies by 45.5% in the 2nd quarter. American Century Companies Inc. now owns 1,659,463 shares of the semiconductor company’s stock worth $115,648,000 after buying an additional 518,968 shares during the last quarter. Boston Partners lifted its holdings in shares of Axcelis Technologies by 42.3% during the 2nd quarter. Boston Partners now owns 474,043 shares of the semiconductor company’s stock worth $33,616,000 after acquiring an additional 141,004 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Axcelis Technologies during the 2nd quarter worth about $6,324,000. Reinhart Partners LLC. boosted its position in shares of Axcelis Technologies by 5.4% in the second quarter. Reinhart Partners LLC. now owns 1,518,544 shares of the semiconductor company’s stock worth $105,828,000 after acquiring an additional 77,522 shares during the last quarter. Finally, First Eagle Investment Management LLC purchased a new stake in Axcelis Technologies in the second quarter valued at approximately $5,087,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ACLS. Wall Street Zen lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Benchmark upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Thursday, October 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Monday, December 22nd. Finally, Bank of America lowered shares of Axcelis Technologies from a “neutral” rating to an “underperform” rating and raised their price target for the company from $81.00 to $90.00 in a report on Monday, October 13th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $98.80.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, EVP Gerald M. Blumenstock sold 3,034 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $89.46, for a total value of $271,421.64. Following the transaction, the executive vice president owned 18,661 shares in the company, valued at $1,669,413.06. The trade was a 13.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jorge Titinger sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $86.05, for a total transaction of $172,100.00. Following the completion of the transaction, the director directly owned 7,477 shares of the company’s stock, valued at approximately $643,395.85. The trade was a 21.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.48% of the stock is currently owned by corporate insiders.

Axcelis Technologies Price Performance

ACLS stock opened at $86.12 on Friday. The firm has a market cap of $2.67 billion, a P/E ratio of 20.36 and a beta of 1.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.32 and a current ratio of 4.95. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $102.93. The stock has a 50-day simple moving average of $83.27 and a 200-day simple moving average of $81.20.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share for the quarter. Axcelis Technologies had a return on equity of 14.58% and a net margin of 15.93%.The firm had revenue of $252.42 million during the quarter. On average, equities analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Axcelis Technologies Profile

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.