Avior Wealth Management LLC Sells 246 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Avior Wealth Management LLC reduced its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 14.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,514 shares of the semiconductor company’s stock after selling 246 shares during the quarter. Avior Wealth Management LLC’s holdings in Axcelis Technologies were worth $196,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ronald Blue Trust Inc. increased its position in shares of Axcelis Technologies by 74.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Axcelis Technologies by 27.5% during the 4th quarter. Bessemer Group Inc. now owns 389 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 84 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in Axcelis Technologies by 2.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,140 shares of the semiconductor company’s stock valued at $418,000 after acquiring an additional 84 shares during the period. Ensign Peak Advisors Inc boosted its holdings in Axcelis Technologies by 1.0% during the 1st quarter. Ensign Peak Advisors Inc now owns 10,540 shares of the semiconductor company’s stock valued at $1,404,000 after acquiring an additional 100 shares during the period. Finally, Arizona State Retirement System boosted its holdings in Axcelis Technologies by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 9,313 shares of the semiconductor company’s stock valued at $1,518,000 after acquiring an additional 121 shares during the period. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Price Performance

Shares of ACLS stock opened at $94.79 on Friday. The firm has a market cap of $3.09 billion, a P/E ratio of 12.76, a P/E/G ratio of 1.09 and a beta of 1.63. Axcelis Technologies, Inc. has a fifty-two week low of $94.46 and a fifty-two week high of $201.00. The business’s 50 day moving average price is $110.44 and its 200-day moving average price is $125.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.71 and a current ratio of 3.79.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.17. The firm had revenue of $310.29 million for the quarter, compared to analyst estimates of $297.92 million. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company earned $1.71 EPS. On average, equities research analysts anticipate that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current year.

Insider Transactions at Axcelis Technologies

In other Axcelis Technologies news, EVP Douglas A. Lawson acquired 500 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $111.04 per share, for a total transaction of $55,520.00. Following the transaction, the executive vice president now owns 19,648 shares in the company, valued at $2,181,713.92. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. B. Riley dropped their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 9th. B. Riley Financial dropped their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $189.00.

About Axcelis Technologies

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.