EMC Capital Management Cuts Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

EMC Capital Management lessened its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 18.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,168 shares of the semiconductor company’s stock after selling 262 shares during the period. EMC Capital Management’s holdings in Axcelis Technologies were worth $130,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Lincoln National Corp raised its position in shares of Axcelis Technologies by 2.1% in the fourth quarter. Lincoln National Corp now owns 4,319 shares of the semiconductor company’s stock valued at $560,000 after purchasing an additional 88 shares during the period. Advisors Asset Management Inc. raised its position in Axcelis Technologies by 17.5% during the first quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 100 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Axcelis Technologies by 1.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 9,839 shares of the semiconductor company’s stock valued at $1,276,000 after purchasing an additional 102 shares during the last quarter. Eagle Bay Advisors LLC raised its position in Axcelis Technologies by 1.7% in the first quarter. Eagle Bay Advisors LLC now owns 7,310 shares of the semiconductor company’s stock valued at $815,000 after purchasing an additional 125 shares during the last quarter. Finally, Intrust Bank NA boosted its position in shares of Axcelis Technologies by 3.2% during the 4th quarter. Intrust Bank NA now owns 4,477 shares of the semiconductor company’s stock worth $581,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS traded down $6.49 during midday trading on Friday, reaching $106.33. 1,459,573 shares of the company traded hands, compared to its average volume of 641,732. The company has a quick ratio of 2.87, a current ratio of 4.00 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a 12 month low of $93.77 and a 12 month high of $196.03. The firm’s fifty day moving average price is $132.13 and its two-hundred day moving average price is $120.31. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.82 and a beta of 1.61.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.18. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.98%. The business had revenue of $256.51 million during the quarter, compared to analyst estimates of $250.06 million. During the same period last year, the business earned $1.86 EPS. Axcelis Technologies’s revenue was down 6.4% compared to the same quarter last year. On average, equities analysts expect that Axcelis Technologies, Inc. will post 6.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ACLS. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday. DA Davidson increased their target price on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 15th. Bank of America upped their price objective on shares of Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Benchmark reduced their price objective on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research note on Friday. Finally, Craig Hallum upped their price objective on shares of Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Axcelis Technologies currently has an average rating of “Moderate Buy” and an average target price of $167.33.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $114.42, for a total value of $137,304.00. Following the completion of the sale, the director now owns 33,146 shares in the company, valued at approximately $3,792,565.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.43% of the stock is owned by corporate insiders.

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.