Citigroup Inc. Has $2.05 Million Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Citigroup Inc. trimmed its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,884 shares of the semiconductor company’s stock after selling 879 shares during the quarter. Citigroup Inc. owned about 0.08% of Axcelis Technologies worth $2,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACLS. Belpointe Asset Management LLC acquired a new position in shares of Axcelis Technologies in the 4th quarter valued at about $25,000. Ronald Blue Trust Inc. increased its position in Axcelis Technologies by 892.6% in the 4th quarter. Ronald Blue Trust Inc. now owns 536 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 482 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Axcelis Technologies by 42.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 527 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 158 shares in the last quarter. Beacon Capital Management LLC bought a new stake in Axcelis Technologies in the 4th quarter valued at about $56,000. Finally, CWM LLC increased its position in Axcelis Technologies by 19.5% in the 4th quarter. CWM LLC now owns 875 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 143 shares in the last quarter. 86.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Axcelis Technologies

In related news, EVP Douglas A. Lawson sold 5,734 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $122.00, for a total transaction of $699,548.00. Following the completion of the sale, the executive vice president now directly owns 35,205 shares of the company’s stock, valued at $4,295,010. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Axcelis Technologies news, EVP Douglas A. Lawson sold 5,734 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $122.00, for a total transaction of $699,548.00. Following the completion of the transaction, the executive vice president now directly owns 35,205 shares of the company’s stock, valued at $4,295,010. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joseph P. Keithley sold 1,000 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $152.21, for a total value of $152,210.00. Following the transaction, the director now directly owns 9,657 shares of the company’s stock, valued at $1,469,891.97. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,596 shares of company stock valued at $10,982,547. 1.43% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ACLS. Benchmark reaffirmed a “buy” rating and issued a $142.00 target price on shares of Axcelis Technologies in a research report on Tuesday, March 7th. Loop Capital started coverage on Axcelis Technologies in a research report on Monday, February 27th. They issued a “buy” rating and a $150.00 target price for the company. B. Riley boosted their price objective on Axcelis Technologies from $115.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, February 10th. StockNews.com started coverage on Axcelis Technologies in a report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Craig Hallum boosted their price objective on Axcelis Technologies from $113.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, February 10th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Axcelis Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $145.33.

Axcelis Technologies Stock Performance

Shares of ACLS opened at $151.89 on Friday. The company has a current ratio of 3.49, a quick ratio of 2.51 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 26.56 and a beta of 1.71. The stock has a 50 day moving average of $127.89 and a 200 day moving average of $108.80. Axcelis Technologies, Inc. has a 12 month low of $46.41 and a 12 month high of $153.33.

Axcelis Technologies (NASDAQ:ACLS – Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The semiconductor company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.18. The company had revenue of $254.02 million during the quarter, compared to the consensus estimate of $239.89 million. Axcelis Technologies had a return on equity of 29.43% and a net margin of 19.49%. Axcelis Technologies’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the business posted $1.22 earnings per share. As a group, sell-side analysts forecast that Axcelis Technologies, Inc. will post 6.44 earnings per share for the current year.

About Axcelis Technologies

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Axcelis Technologies, Inc engages in the manufacture of capital equipment for the semiconductor chip manufacturing industry. It ion implantation systems product line includes high and medium current, and energy implanters. It also offers post-sales equipment service and support, such as spare parts, equipment upgrades, used equipment, maintenance services, and customer training.