Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 15,036 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLSFree Report) by 40.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 21,940 shares of the semiconductor company’s stock after selling 15,036 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.07% of Axcelis Technologies worth $3,577,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Axcelis Technologies by 24.8% during the 1st quarter. JPMorgan Chase & Co. now owns 55,943 shares of the semiconductor company’s stock valued at $4,226,000 after buying an additional 11,111 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of 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 valued at $25,133,000 after purchasing an additional 2,067 shares during the period. American Century Companies Inc. acquired a new position in shares of Axcelis Technologies during the 1st quarter worth about $624,000. Cambridge Investment Research Advisors Inc. lifted its stake in Axcelis Technologies by 89.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,882 shares of the semiconductor company’s stock valued at $595,000 after buying an additional 3,728 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in Axcelis Technologies by 10.9% in the 1st quarter. Citigroup Inc. now owns 35,302 shares of the semiconductor company’s stock worth $2,666,000 after buying an additional 3,484 shares during the last quarter. Institutional investors and hedge funds own 88.93% of the company’s stock.

Wall Street Analysts Forecast Growth

ACLS has been the topic of several research reports. B. Riley Financial decreased their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday. Bank of America cut shares of Axcelis Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, December 15th. Finally, B. Riley reduced their target price on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.43.

Get Our Latest Stock Report on ACLS

Axcelis Technologies Stock Down 2.4 %

NASDAQ ACLS opened at $122.32 on Tuesday. Axcelis Technologies, Inc. has a 52 week low of $105.28 and a 52 week high of $201.00. The firm has a market cap of $4.01 billion, a PE ratio of 16.46, a P/E/G ratio of 2.53 and a beta of 1.69. The business’s fifty day simple moving average is $127.95 and its 200-day simple moving average is $147.21. The company has a quick ratio of 2.71, a current ratio of 3.79 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLSGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.17. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The business had revenue of $310.29 million during the quarter, compared to analysts’ expectations of $297.92 million. During the same period in the previous year, the firm posted $1.71 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. As a group, equities analysts anticipate that Axcelis Technologies, Inc. will post 7.25 earnings per share for the current 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.

Further Reading

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

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