Juncture Wealth Strategies LLC Cuts Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Juncture Wealth Strategies LLC cut its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 20.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,720 shares of the semiconductor company’s stock after selling 1,457 shares during the quarter. Juncture Wealth Strategies LLC’s holdings in Axcelis Technologies were worth $1,049,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ACLS. Panagora Asset Management Inc. grew its stake in Axcelis Technologies by 13.4% in the first quarter. Panagora Asset Management Inc. now owns 22,012 shares of the semiconductor company’s stock worth $2,933,000 after purchasing an additional 2,603 shares in the last quarter. Kovack Advisors Inc. bought a new position in Axcelis Technologies in the first quarter worth about $217,000. Natixis Advisors L.P. lifted its holdings in Axcelis Technologies by 4.6% in the first quarter. Natixis Advisors L.P. now owns 14,640 shares of the semiconductor company’s stock worth $1,951,000 after acquiring an additional 650 shares during the last quarter. Jump Financial LLC bought a new position in Axcelis Technologies in the first quarter worth about $1,529,000. Finally, Shelton Capital Management bought a new position in Axcelis Technologies in the first quarter worth about $257,000. 88.93% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Stock Up 0.5 %

Shares of Axcelis Technologies stock traded up $0.85 on Monday, hitting $168.12. 197,491 shares of the company traded hands, compared to its average volume of 564,175. The company has a 50-day moving average price of $179.27 and a 200 day moving average price of $155.46. The company has a quick ratio of 2.62, a current ratio of 3.82 and a debt-to-equity ratio of 0.06. Axcelis Technologies, Inc. has a 12-month low of $49.78 and a 12-month high of $201.00. The company has a market cap of $5.52 billion, a PE ratio of 26.94 and a beta of 1.74.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.40. Axcelis Technologies had a net margin of 20.19% and a return on equity of 30.29%. The business had revenue of $273.97 million during the quarter, compared to analyst estimates of $256.68 million. During the same quarter in the previous year, the business earned $1.32 EPS. Axcelis Technologies’s quarterly revenue was up 23.9% compared to the same quarter last year. Sell-side analysts predict that Axcelis Technologies, Inc. will post 6.99 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on ACLS. Needham & Company LLC cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. StockNews.com started coverage on Axcelis Technologies in a report on Thursday, August 17th. They set a “hold” rating on the stock. B. Riley boosted their target price on Axcelis Technologies from $165.00 to $225.00 in a report on Monday, July 17th. B. Riley Financial boosted their target price on Axcelis Technologies from $165.00 to $225.00 in a report on Monday, July 17th. Finally, Bank of America started coverage on Axcelis Technologies in a report on Friday. They set a “buy” rating and a $225.00 target price on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.50.

Insider Transactions at Axcelis Technologies

In related news, EVP Greg Redinbo sold 600 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $180.18, for a total value of $108,108.00. Following the sale, the executive vice president now owns 17,203 shares of the company’s stock, valued at $3,099,636.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Greg Redinbo sold 600 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $180.18, for a total value of $108,108.00. Following the sale, the executive vice president now owns 17,203 shares of the company’s stock, valued at $3,099,636.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Douglas A. Lawson sold 375 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $177.45, for a total transaction of $66,543.75. Following the completion of the sale, the executive vice president now directly owns 18,342 shares in the company, valued at approximately $3,254,787.90. The disclosure for this sale can be found here. Insiders own 1.43% of the company’s stock.

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.