Axcelis Technologies Inc (ACLS) Position Decreased by Hood River Capital Management LLC
Hood River Capital Management LLC reduced its position in shares of Axcelis Technologies Inc (NASDAQ:ACLS) by 39.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 336,220 shares of the semiconductor company’s stock after selling 219,408 shares during the period. Hood River Capital Management LLC’s holdings in Axcelis Technologies were worth $9,650,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACLS. Royal Bank of Canada lifted its position in shares of 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. Advisor Group Inc. lifted its position in shares of Axcelis Technologies by 143.7% during the third quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 2,350 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Axcelis Technologies during the fourth quarter valued at about $178,000. Jane Street Group LLC bought a new position in shares of Axcelis Technologies during the third quarter valued at about $201,000. Finally, J.P. Marvel Investment Advisors LLC bought a new position in shares of Axcelis Technologies during the second quarter valued at about $220,000. 77.66% of the stock is currently owned by institutional investors.
In related news, Director John T. Kurtzweil sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $34.03, for a total transaction of $61,254.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.66% of the company’s stock.
Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. Axcelis Technologies had a net margin of 30.92% and a return on equity of 18.64%. The business had revenue of $116.40 million during the quarter, compared to the consensus estimate of $109.76 million. During the same quarter last year, the company posted $0.13 earnings per share. The firm’s quarterly revenue was up 67.7% compared to the same quarter last year. analysts forecast that Axcelis Technologies Inc will post 1.34 earnings per share for the current fiscal year.
A number of research firms recently weighed in on ACLS. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Thursday, November 2nd. Stifel Nicolaus raised their price target on shares of Axcelis Technologies from $20.00 to $31.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. Craig Hallum downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. B. Riley raised their price objective on shares of Axcelis Technologies from $30.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, BidaskClub downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Axcelis Technologies currently has an average rating of “Hold” and a consensus price target of $32.50.
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Axcelis Technologies Profile
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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