Hancock Whitney Corp Sells 146 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Hancock Whitney Corp reduced its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,245 shares of the semiconductor company’s stock after selling 146 shares during the quarter. Hancock Whitney Corp’s holdings in Axcelis Technologies were worth $919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACLS. Raymond James Financial Services Advisors Inc. lifted its position in Axcelis Technologies by 11.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,191 shares of the semiconductor company’s stock valued at $544,000 after purchasing an additional 440 shares during the period. Blue Trust Inc. boosted its stake in Axcelis Technologies by 100.7% in the fourth quarter. Blue Trust Inc. now owns 305 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 153 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Axcelis Technologies by 1,188.0% during the 4th quarter. Global Retirement Partners LLC now owns 322 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 297 shares during the period. Private Trust Co. NA raised its position in shares of Axcelis Technologies by 627.9% during the 4th quarter. Private Trust Co. NA now owns 313 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 270 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Axcelis Technologies by 102.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 5,093 shares of the semiconductor company’s stock valued at $674,000 after purchasing an additional 2,575 shares during the period. 89.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John T. Kurtzweil sold 1,200 shares of Axcelis Technologies stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $114.42, for a total transaction of $137,304.00. Following the completion of 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 the SEC website. 1.43% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ACLS has been the topic of several analyst reports. Craig Hallum increased their target price on Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Friday. Benchmark upped their target price on shares of Axcelis Technologies from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, July 15th. DA Davidson lifted their price target on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Bank of America upped their price objective on shares of Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.33.

Axcelis Technologies Stock Down 5.8 %

NASDAQ ACLS traded down $6.57 during trading hours on Friday, hitting $106.25. 490,501 shares of the company traded hands, compared to its average volume of 635,178. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.87 and a current ratio of 4.00. The business’s 50-day moving average is $132.13 and its 200-day moving average is $120.31. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 1.82 and a beta of 1.61. Axcelis Technologies, Inc. has a twelve month low of $93.77 and a twelve month high of $196.03.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.18. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.98%. The business had revenue of $256.51 million during the quarter, compared to analysts’ expectations of $250.06 million. During the same period last year, the business earned $1.86 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. Sell-side analysts anticipate that Axcelis Technologies, Inc. will post 6.76 earnings per share for the current year.

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.