Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lowered its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLSFree Report) by 1.7% in the third quarter, Holdings Channel reports. The institutional investor owned 5,920 shares of the semiconductor company’s stock after selling 101 shares during the quarter. Shell Asset Management Co.’s holdings in Axcelis Technologies were worth $965,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ACLS. JPMorgan Chase & Co. raised its stake in shares of Axcelis Technologies by 24.8% during the first quarter. JPMorgan Chase & Co. now owns 55,943 shares of the semiconductor company’s stock valued at $4,226,000 after purchasing an additional 11,111 shares in the last quarter. Bank of New York Mellon Corp raised its position in Axcelis Technologies by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 332,749 shares of the semiconductor company’s stock worth $25,133,000 after acquiring an additional 2,067 shares in the last quarter. American Century Companies Inc. bought a new stake in Axcelis Technologies in the first quarter worth about $624,000. Cambridge Investment Research Advisors Inc. raised its position in Axcelis Technologies by 89.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,882 shares of the semiconductor company’s stock worth $595,000 after acquiring an additional 3,728 shares in the last quarter. Finally, Citigroup Inc. raised its position in Axcelis Technologies by 10.9% in the first quarter. Citigroup Inc. now owns 35,302 shares of the semiconductor company’s stock worth $2,666,000 after acquiring an additional 3,484 shares in the last quarter. 88.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ACLS shares. B. Riley Financial dropped their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday. B. Riley dropped their price target on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Bank of America cut Axcelis Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, December 15th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $172.50.

Check Out Our Latest Report on Axcelis Technologies

Axcelis Technologies Trading Up 2.5 %

NASDAQ:ACLS opened at $125.32 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.89 and a quick ratio of 2.69. Axcelis Technologies, Inc. has a fifty-two week low of $105.28 and a fifty-two week high of $201.00. The stock’s 50-day moving average is $128.01 and its two-hundred day moving average is $148.39. The stock has a market cap of $4.10 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.05 and a beta of 1.69.

Axcelis Technologies (NASDAQ:ACLSGet Free Report) last released its earnings results on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.17. The company had revenue of $310.29 million for the quarter, compared to analysts’ expectations of $297.92 million. Axcelis Technologies had a return on equity of 32.88% and a net margin of 21.78%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.71 EPS. As a group, equities research analysts forecast that Axcelis Technologies, Inc. will post 7.68 earnings per share for the current fiscal year.

About Axcelis Technologies

(Free Report)

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.

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

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