Koshinski Asset Management Inc. Has $247,000 Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Koshinski Asset Management Inc. lessened its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 28.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,218 shares of the semiconductor company’s stock after selling 888 shares during the period. Koshinski Asset Management Inc.’s holdings in Axcelis Technologies were worth $247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACLS. Louisiana State Employees Retirement System bought a new position in Axcelis Technologies during the 4th quarter valued at about $2,127,000. Rafferty Asset Management LLC raised its stake in shares of Axcelis Technologies by 14.8% in the fourth quarter. Rafferty Asset Management LLC now owns 203,622 shares of the semiconductor company’s stock valued at $26,408,000 after acquiring an additional 26,228 shares during the last quarter. Annex Advisory Services LLC boosted its holdings in shares of Axcelis Technologies by 964.1% in the 4th quarter. Annex Advisory Services LLC now owns 51,608 shares of the semiconductor company’s stock worth $6,693,000 after acquiring an additional 46,758 shares in the last quarter. Harber Asset Management LLC bought a new stake in Axcelis Technologies during the 4th quarter worth approximately $5,165,000. Finally, GSA Capital Partners LLP acquired a new stake in Axcelis Technologies during the 1st quarter valued at $594,000. Institutional investors own 89.98% of the company’s stock.

Insiders Place Their Bets

In other news, Director John T. Kurtzweil sold 1,200 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $114.42, for a total value of $137,304.00. Following the completion of the transaction, the director now owns 33,146 shares of the company’s stock, valued at approximately $3,792,565.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.43% of the company’s stock.

Axcelis Technologies Trading Down 3.0 %

NASDAQ:ACLS traded down $3.99 during mid-day trading on Friday, hitting $130.10. The company had a trading volume of 75,153 shares, compared to its average volume of 617,775. 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 firm has a market cap of $4.23 billion, a P/E ratio of 17.71, a P/E/G ratio of 2.03 and a beta of 1.60. The business’s fifty day moving average is $129.68 and its two-hundred day moving average is $119.93.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.31. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The company had revenue of $252.37 million during the quarter, compared to analysts’ expectations of $242.55 million. As a group, research analysts expect that Axcelis Technologies, Inc. will post 6.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. B. Riley lifted their price target on Axcelis Technologies from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, July 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research note on Friday, July 12th. Craig Hallum upped their target price on shares of Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. DA Davidson raised their price target on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a report on Monday. Finally, Benchmark upped their price objective on Axcelis Technologies from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Monday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $172.33.

Axcelis Technologies Company 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.