AlphaMark Advisors LLC Trims Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

AlphaMark Advisors LLC trimmed its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 5.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,863 shares of the semiconductor company’s stock after selling 154 shares during the period. AlphaMark Advisors LLC’s holdings in Axcelis Technologies were worth $300,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ACLS. GAMMA Investing LLC raised its holdings in shares of Axcelis Technologies by 109.4% in the first quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 139 shares during the last quarter. Signaturefd LLC raised its stake in Axcelis Technologies by 348.9% in the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 164 shares during the last quarter. Blue Trust Inc. lifted its holdings in Axcelis Technologies by 223.8% in the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 188 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Axcelis Technologies during the 2nd quarter worth about $39,000. Finally, Isthmus Partners LLC grew its holdings in shares of Axcelis Technologies by 87.3% during the second quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock worth $47,000 after buying an additional 15,507 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS opened at $92.26 on Friday. The business has a 50-day moving average of $104.05 and a two-hundred day moving average of $114.74. The firm has a market capitalization of $3.00 billion, a PE ratio of 12.19, a P/E/G ratio of 3.02 and a beta of 1.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.42 and a quick ratio of 3.26. Axcelis Technologies, Inc. has a 12 month low of $92.16 and a 12 month high of $158.84.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.37 by $0.18. The firm had revenue of $256.51 million for the quarter, compared to analyst estimates of $250.06 million. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. Axcelis Technologies’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 earnings per share. As a group, research analysts forecast that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current year.

Insider Activity at Axcelis Technologies

In related news, Director Jorge Titinger sold 6,086 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total value of $669,338.28. Following the completion of the sale, the director now directly owns 5,891 shares in the company, valued at approximately $647,892.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ACLS shares. Craig Hallum upped their price objective on shares of Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Bank of America raised their price objective on Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. DA Davidson upped their target price on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. Finally, B. Riley dropped their price objective on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.33.

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.