Avior Wealth Management LLC Has $196,000 Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Avior Wealth Management LLC trimmed its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,514 shares of the semiconductor company’s stock after selling 246 shares during the quarter. Avior Wealth Management LLC’s holdings in Axcelis Technologies were worth $196,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Chartwell Investment Partners LLC acquired a new stake in shares of Axcelis Technologies during the third quarter valued at about $437,000. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Axcelis Technologies by 8.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 224,118 shares of the semiconductor company’s stock worth $36,542,000 after acquiring an additional 17,885 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Axcelis Technologies in the fourth quarter worth approximately $2,127,000. Barclays PLC lifted its stake in shares of Axcelis Technologies by 267.0% in the third quarter. Barclays PLC now owns 100,409 shares of the semiconductor company’s stock worth $16,372,000 after acquiring an additional 73,053 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Axcelis Technologies by 2.0% in the third quarter. Northern Trust Corp now owns 392,377 shares of the semiconductor company’s stock worth $63,977,000 after acquiring an additional 7,595 shares during the period. 89.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. B. Riley cut their price objective on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. B. Riley Financial cut their price objective on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $189.00.

Insider Activity

In other news, EVP Douglas A. Lawson acquired 500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was purchased at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the completion of the acquisition, the executive vice president now directly owns 19,648 shares in the company, valued at approximately $2,181,713.92. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.43% of the company’s stock.

Axcelis Technologies Trading Down 3.5 %

Shares of ACLS stock opened at $94.79 on Friday. The company has a market cap of $3.09 billion, a P/E ratio of 12.76, a PEG ratio of 1.09 and a beta of 1.63. The stock has a 50 day simple moving average of $110.44 and a two-hundred day simple moving average of $125.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.71 and a current ratio of 3.79. Axcelis Technologies, Inc. has a fifty-two week low of $94.46 and a fifty-two week high of $201.00.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.17. The business had revenue of $310.29 million during the quarter, compared to the consensus estimate of $297.92 million. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.71 earnings per share. Research analysts forecast that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current year.

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.