Inspire Investing LLC Sells 3,982 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Inspire Investing LLC reduced its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 25.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,537 shares of the semiconductor company’s stock after selling 3,982 shares during the quarter. Inspire Investing LLC’s holdings in Axcelis Technologies were worth $1,287,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Inspire Advisors LLC boosted its position in Axcelis Technologies by 83.1% in the first quarter. Inspire Advisors LLC now owns 5,807 shares of the semiconductor company’s stock worth $648,000 after purchasing an additional 2,636 shares during the last quarter. Sei Investments Co. grew its position in Axcelis Technologies by 42.3% during the 1st quarter. Sei Investments Co. now owns 144,752 shares of the semiconductor company’s stock worth $16,143,000 after acquiring an additional 43,020 shares during the last quarter. Chilton Capital Management LLC grew its position in shares of Axcelis Technologies by 50.0% in the 1st quarter. Chilton Capital Management LLC now owns 3,000 shares of the semiconductor company’s stock worth $335,000 after buying an additional 1,000 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Axcelis Technologies in the 1st quarter worth approximately $2,137,000. Finally, SG Americas Securities LLC purchased a new position in shares of Axcelis Technologies in the 1st quarter valued at approximately $791,000. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Stock Down 0.4 %

Shares of NASDAQ:ACLS traded down $0.56 during trading on Tuesday, hitting $147.31. The company’s stock had a trading volume of 215,406 shares, compared to its average volume of 616,453. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.87 and a current ratio of 4.00. Axcelis Technologies, Inc. has a fifty-two week low of $93.77 and a fifty-two week high of $201.00. The stock’s 50-day moving average price is $128.07 and its two-hundred day moving average price is $119.60. The company has a market capitalization of $4.79 billion, a PE ratio of 19.33, a PEG ratio of 2.82 and a beta of 1.60.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.31. The business had revenue of $252.37 million during the quarter, compared to the consensus estimate of $242.55 million. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. As a group, sell-side analysts expect that Axcelis Technologies, Inc. will post 6.48 EPS for the current year.

Insider Buying and Selling at Axcelis Technologies

In related news, Director John T. Kurtzweil sold 1,200 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $114.42, for a total value of $137,304.00. Following the transaction, the director now owns 33,146 shares in the company, valued at $3,792,565.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.43% of the company’s stock.

Wall Street Analysts Forecast Growth

ACLS has been the subject of a number of research analyst reports. Craig Hallum increased their price objective on shares of Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a report on Friday. B. Riley lifted their target price on Axcelis Technologies from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday. Bank of America lifted their target price on Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Benchmark boosted their price target on Axcelis Technologies from $170.00 to $180.00 and gave the company a “buy” rating in a report on Monday. Finally, DA Davidson boosted their price target on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $172.33.

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.