Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its position in Axcelis Technologies, Inc. (NASDAQ:ACLSGet Rating) by 7.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,356 shares of the semiconductor company’s stock after selling 3,055 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.11% of Axcelis Technologies worth $2,746,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC lifted its stake in shares of Axcelis Technologies by 57.7% in the 1st quarter. CWM LLC now owns 514 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 188 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Axcelis Technologies by 0.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 28,925 shares of the semiconductor company’s stock valued at $2,243,000 after purchasing an additional 209 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Axcelis Technologies by 5.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 4,800 shares of the semiconductor company’s stock valued at $363,000 after purchasing an additional 248 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Axcelis Technologies by 8.5% during the 1st quarter. Guggenheim Capital LLC now owns 3,237 shares of the semiconductor company’s stock valued at $244,000 after buying an additional 253 shares during the period. Finally, Annex Advisory Services LLC boosted its holdings in Axcelis Technologies by 9.2% in the 1st quarter. Annex Advisory Services LLC now owns 4,227 shares of the semiconductor company’s stock worth $319,000 after acquiring an additional 356 shares during the period. 84.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ACLS has been the subject of a number of analyst reports. Benchmark upped their price target on Axcelis Technologies to $87.00 in a report on Tuesday, August 9th. StockNews.com cut Axcelis Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 20th. B. Riley upped their price target on Axcelis Technologies from $80.00 to $95.00 in a report on Friday, August 5th. Finally, Needham & Company LLC upped their price target on Axcelis Technologies from $76.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Axcelis Technologies currently has an average rating of “Buy” and a consensus price target of $83.20.

Axcelis Technologies Stock Performance

Shares of ACLS opened at $61.40 on Tuesday. The business’s 50 day moving average is $67.13 and its two-hundred day moving average is $62.86. Axcelis Technologies, Inc. has a 52-week low of $45.14 and a 52-week high of $83.74. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 13.95 and a beta of 1.71. The company has a quick ratio of 3.05, a current ratio of 4.44 and a debt-to-equity ratio of 0.08.

Axcelis Technologies (NASDAQ:ACLSGet Rating) last announced its earnings results on Wednesday, August 3rd. The semiconductor company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.33. Axcelis Technologies had a return on equity of 27.14% and a net margin of 18.47%. During the same period last year, the business posted $0.55 EPS. Analysts forecast that Axcelis Technologies, Inc. will post 4.67 EPS for the current fiscal year.

Insider Activity at Axcelis Technologies

In related news, EVP William J. Bintz sold 13,289 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $71.20, for a total transaction of $946,176.80. Following the sale, the executive vice president now directly owns 46,772 shares of the company’s stock, valued at approximately $3,330,166.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP William J. Bintz sold 13,289 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $71.20, for a total transaction of $946,176.80. Following the completion of the transaction, the executive vice president now directly owns 46,772 shares in the company, valued at approximately $3,330,166.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Joseph P. Keithley sold 2,000 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $79.37, for a total value of $158,740.00. Following the transaction, the director now owns 23,375 shares of the company’s stock, valued at $1,855,273.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,825 shares of company stock valued at $3,112,812. Corporate insiders own 2.15% of the company’s stock.

Axcelis Technologies Profile

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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. The company offers high energy, high current, and medium current implanters for various application requirements.

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Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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