LSV Asset Management Lowers Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

LSV Asset Management trimmed its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 2.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 27,300 shares of the semiconductor company’s stock after selling 700 shares during the quarter. LSV Asset Management owned about 0.08% of Axcelis Technologies worth $3,541,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Westover Capital Advisors LLC raised its holdings in Axcelis Technologies by 6.7% in the 4th quarter. Westover Capital Advisors LLC now owns 3,818 shares of the semiconductor company’s stock worth $495,000 after acquiring an additional 239 shares during the last quarter. Van ECK Associates Corp increased its holdings in Axcelis Technologies by 40.0% in the 4th quarter. Van ECK Associates Corp now owns 10,064 shares of the semiconductor company’s stock worth $1,305,000 after buying an additional 2,877 shares in the last quarter. Intrust Bank NA raised its position in Axcelis Technologies by 3.2% in the 4th quarter. Intrust Bank NA now owns 4,477 shares of the semiconductor company’s stock worth $581,000 after buying an additional 137 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Axcelis Technologies by 1.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 9,839 shares of the semiconductor company’s stock valued at $1,276,000 after acquiring an additional 102 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Axcelis Technologies by 9.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 19,899 shares of the semiconductor company’s stock valued at $2,581,000 after acquiring an additional 1,741 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on ACLS shares. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, May 3rd. B. Riley cut their price objective on Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Benchmark reduced their price objective on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. B. Riley Financial dropped 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, February 9th. Finally, Craig Hallum upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $169.00.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS opened at $111.46 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.00 and a quick ratio of 2.87. Axcelis Technologies, Inc. has a 1 year low of $93.77 and a 1 year high of $201.00. The firm has a fifty day moving average price of $107.89 and a 200-day moving average price of $120.46. The stock has a market cap of $3.63 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 1.24 and a beta of 1.64.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.24 by $0.33. The business had revenue of $252.37 million for the quarter, compared to the consensus estimate of $242.61 million. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 earnings per share. Equities analysts anticipate that Axcelis Technologies, Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Transactions at Axcelis Technologies

In related news, EVP Douglas A. Lawson purchased 500 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were acquired at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the purchase, the executive vice president now directly owns 19,648 shares in the company, valued at $2,181,713.92. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.14% 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.