California Public Employees Retirement System reduced its stake in Axcelis Technologies Inc (NASDAQ:ACLS) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 176,533 shares of the semiconductor company’s stock after selling 8,442 shares during the period. California Public Employees Retirement System owned approximately 0.56% of Axcelis Technologies worth $4,828,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Advisor Group Inc. boosted its stake in shares of Axcelis Technologies by 143.7% in the third quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 2,350 shares during the period. Royal Bank of Canada raised its position in Axcelis Technologies by 391.3% during the second quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 3,913 shares in the last quarter. Jane Street Group LLC acquired a new position in Axcelis Technologies during the third quarter valued at approximately $201,000. Teachers Retirement System of The State of Kentucky acquired a new position in Axcelis Technologies during the third quarter valued at approximately $230,000. Finally, J.P. Marvel Investment Advisors LLC acquired a new position in Axcelis Technologies during the second quarter valued at approximately $220,000. Institutional investors and hedge funds own 77.91% of the company’s stock.
In related news, EVP John E. Aldeborgh sold 87,500 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $33.22, for a total value of $2,906,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kevin J. Brewer sold 44,640 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $33.93, for a total transaction of $1,514,635.20. The disclosure for this sale can be found here. Insiders sold a total of 190,190 shares of company stock worth $6,334,389 in the last 90 days. 5.66% of the stock is currently owned by company insiders.
Axcelis Technologies Inc (NASDAQ:ACLS) traded down $0.20 during mid-day trading on Wednesday, hitting $25.90. 369,318 shares of the stock were exchanged, compared to its average volume of 554,493. The company has a market cap of $824.60, a PE ratio of 21.76, a PEG ratio of 0.73 and a beta of 1.10. Axcelis Technologies Inc has a one year low of $14.60 and a one year high of $37.05.
Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.10. The company had revenue of $104.48 million for the quarter, compared to analysts’ expectations of $95.03 million. Axcelis Technologies had a net margin of 10.80% and a return on equity of 16.37%. research analysts anticipate that Axcelis Technologies Inc will post 1.44 earnings per share for the current fiscal year.
Several research analysts have commented on ACLS shares. Benchmark reiterated a “buy” rating and set a $33.00 price target (down from $36.00) on shares of Axcelis Technologies in a report on Thursday, January 18th. Zacks Investment Research upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Thursday, November 2nd. Stifel Nicolaus upped their price target on shares of Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, November 1st. B. Riley restated a “buy” rating and issued a $39.00 price objective on shares of Axcelis Technologies in a report on Tuesday, December 5th. Finally, BidaskClub downgraded Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $32.17.
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About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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