Los Angeles Capital Management LLC Lowers Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Los Angeles Capital Management LLC decreased its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 14.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 29,925 shares of the semiconductor company’s stock after selling 4,927 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Axcelis Technologies were worth $3,881,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ACLS. Invesco Ltd. lifted its stake in shares of Axcelis Technologies by 17.1% during the 3rd quarter. Invesco Ltd. now owns 970,409 shares of the semiconductor company’s stock worth $158,225,000 after purchasing an additional 141,372 shares during the period. Ameriprise Financial Inc. boosted its stake in Axcelis Technologies by 11.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 447,869 shares of the semiconductor company’s stock worth $73,036,000 after buying an additional 47,133 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Axcelis Technologies by 32.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 413,478 shares of the semiconductor company’s stock valued at $67,418,000 after buying an additional 101,944 shares during the period. Northern Trust Corp increased its stake in shares of Axcelis Technologies by 2.0% during the 3rd quarter. Northern Trust Corp now owns 392,377 shares of the semiconductor company’s stock valued at $63,977,000 after acquiring an additional 7,595 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Axcelis Technologies during the 3rd quarter worth about $40,425,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Insider Activity

In other news, EVP Douglas A. Lawson acquired 500 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was bought at an average cost of $111.04 per share, with a total value of $55,520.00. Following the transaction, the executive vice president now directly owns 19,648 shares in the company, valued at approximately $2,181,713.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.43% of the company’s stock.

Analyst Ratings Changes

ACLS has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research report on Friday. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Friday. Benchmark cut their target price on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday. B. Riley Financial lowered their price target on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Finally, B. Riley cut their price objective on Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Friday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Axcelis Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $169.00.

Axcelis Technologies Trading Up 4.5 %

NASDAQ:ACLS opened at $111.45 on Monday. The business’s 50-day moving average is $107.79 and its two-hundred day moving average is $120.99. The firm has a market capitalization of $3.63 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 1.20 and a beta of 1.64. Axcelis Technologies, Inc. has a 12 month low of $93.77 and a 12 month high of $201.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.00 and a quick ratio of 2.71.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Thursday, May 2nd. The semiconductor company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.24 by $0.33. The business had revenue of $252.37 million for the quarter, compared to the consensus estimate of $242.61 million. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The company’s revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. Research analysts predict that Axcelis Technologies, Inc. will post 6.63 earnings per share for the current fiscal year.

Axcelis Technologies 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.