Mutual of America Capital Management LLC Lowers Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Mutual of America Capital Management LLC lowered its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 3.9% during the first quarter, HoldingsChannel.com reports. The firm owned 4,734 shares of the semiconductor company’s stock after selling 190 shares during the period. Mutual of America Capital Management LLC’s holdings in Axcelis Technologies were worth $235,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc raised its holdings in shares of Axcelis Technologies by 118.7% during the first quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 317 shares during the last quarter. Fifth Third Bancorp increased its stake in Axcelis Technologies by 160.5% during the first quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 358 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Axcelis Technologies during the first quarter worth $38,000. Nisa Investment Advisors LLC increased its stake in Axcelis Technologies by 97.5% during the first quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 393 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of Axcelis Technologies in the first quarter valued at $44,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ACLS. B. Riley lifted their price objective on Axcelis Technologies from $58.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 18th. DA Davidson lifted their target price on Axcelis Technologies from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $90.00.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $84.97 on Thursday. The stock has a market capitalization of $2.67 billion, a PE ratio of 17.38 and a beta of 1.58. Axcelis Technologies, Inc. has a 52-week low of $40.40 and a 52-week high of $117.57. The stock’s 50-day moving average price is $71.83 and its 200 day moving average price is $61.77. The company has a quick ratio of 4.26, a current ratio of 6.01 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.40. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%. The company had revenue of $194.54 million for the quarter, compared to analyst estimates of $185.15 million. During the same quarter in the previous year, the company earned $1.55 EPS. The firm’s revenue for the quarter was down 24.2% compared to the same quarter last year. As a group, equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Insiders Place Their Bets

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,682 shares of Axcelis Technologies stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $61.93, for a total value of $104,166.26. Following the sale, the director owned 35,050 shares of the company’s stock, valued at approximately $2,170,646.50. The trade was a 4.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company’s stock.

About Axcelis Technologies

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.