Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLSGet Rating) by 42.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,074 shares of the semiconductor company’s stock after selling 8,776 shares during the period. Trexquant Investment LP’s holdings in Axcelis Technologies were worth $662,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ACLS. CWM LLC raised its position in shares of Axcelis Technologies by 36.6% during the 2nd quarter. CWM LLC now owns 702 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 188 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Axcelis Technologies by 0.7% during the first quarter. Great West Life Assurance Co. Can now owns 28,925 shares of the semiconductor company’s stock valued at $2,243,000 after acquiring an additional 209 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Axcelis Technologies by 5.4% in the first quarter. Mutual of America Capital Management LLC now owns 4,800 shares of the semiconductor company’s stock valued at $363,000 after acquiring an additional 248 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of Axcelis Technologies by 8.5% during the first quarter. Guggenheim Capital LLC now owns 3,237 shares of the semiconductor company’s stock worth $244,000 after buying an additional 253 shares in the last quarter. Finally, Texas Permanent School Fund raised its position in shares of Axcelis Technologies by 1.2% in the second quarter. Texas Permanent School Fund now owns 23,901 shares of the semiconductor company’s stock valued at $1,311,000 after buying an additional 284 shares during the last quarter. 84.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Kevin J. Brewer sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $79.26, for a total transaction of $515,190.00. Following the completion of the transaction, the chief financial officer now directly owns 48,286 shares in the company, valued at approximately $3,827,148.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Axcelis Technologies news, CFO Kevin J. Brewer sold 6,500 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $79.26, for a total value of $515,190.00. Following the completion of the transaction, the chief financial officer now owns 48,286 shares in the company, valued at $3,827,148.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph P. Keithley sold 2,000 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $74.02, for a total value of $148,040.00. Following the sale, the director now directly owns 21,375 shares in the company, valued at approximately $1,582,177.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,763 shares of company stock valued at $1,511,735. Corporate insiders own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ACLS shares. B. Riley boosted their target price on Axcelis Technologies from $80.00 to $95.00 in a report on Friday, August 5th. StockNews.com cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 14th. Needham & Company LLC lifted their price target on Axcelis Technologies from $70.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 4th. Finally, Benchmark upped their price objective on shares of Axcelis Technologies to $87.00 in a report on Tuesday, August 9th.

Axcelis Technologies Price Performance

ACLS stock opened at $79.07 on Friday. Axcelis Technologies, Inc. has a 52-week low of $46.41 and a 52-week high of $83.74. The company has a quick ratio of 2.64, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 16.47 and a beta of 1.56. The business has a fifty day moving average of $63.48 and a two-hundred day moving average of $62.46.

Axcelis Technologies (NASDAQ:ACLSGet Rating) last posted its earnings results on Thursday, November 3rd. The semiconductor company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.08. Axcelis Technologies had a net margin of 18.83% and a return on equity of 28.15%. The firm had revenue of $229.20 million during the quarter, compared to the consensus estimate of $224.38 million. During the same quarter last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 29.7% on a year-over-year basis. As a group, research analysts anticipate that Axcelis Technologies, Inc. will post 4.8 earnings per share for the current year.

Axcelis Technologies Profile

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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. The company offers high energy, high current, and medium current implanters for various application requirements.

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

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