Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV trimmed its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 36.2% during the second quarter, Holdings Channel.com reports. The fund owned 461 shares of the semiconductor company’s stock after selling 262 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Axcelis Technologies were worth $66,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Axcelis Technologies by 173.7% in the second quarter. GAMMA Investing LLC now owns 728 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 462 shares during the period. Boston Partners purchased a new stake in shares of Axcelis Technologies in the first quarter worth about $20,819,000. Cetera Advisors LLC raised its holdings in shares of Axcelis Technologies by 36.1% during the 1st quarter. Cetera Advisors LLC now owns 2,593 shares of the semiconductor company’s stock valued at $289,000 after buying an additional 688 shares during the period. LRI Investments LLC acquired a new position in Axcelis Technologies during the 1st quarter worth approximately $133,000. Finally, Virtu Financial LLC boosted its holdings in Axcelis Technologies by 281.5% in the 1st quarter. Virtu Financial LLC now owns 12,467 shares of the semiconductor company’s stock worth $1,390,000 after acquiring an additional 9,199 shares during the period. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ACLS shares. DA Davidson upped their target price on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Benchmark cut their price target on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday. Craig Hallum lifted their price objective on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Bank of America upped their target price on Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Friday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $167.33.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS traded down $2.10 during mid-day trading on Tuesday, hitting $107.18. The company had a trading volume of 619,305 shares, compared to its average volume of 643,524. Axcelis Technologies, Inc. has a 12 month low of $93.77 and a 12 month high of $196.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.42 and a quick ratio of 2.87. The firm has a market cap of $3.49 billion, a P/E ratio of 14.38, a PEG ratio of 1.63 and a beta of 1.61. The business’s 50-day simple moving average is $132.03 and its 200-day simple moving average is $120.26.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.18. The company had revenue of $256.51 million for the quarter, compared to analyst estimates of $250.06 million. Axcelis Technologies had a return on equity of 27.35% and a net margin of 21.54%. 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 earned $1.86 EPS. As a group, analysts predict that Axcelis Technologies, Inc. will post 6.76 earnings per share for the current fiscal year.

Insider Transactions at Axcelis Technologies

In other news, Director John T. Kurtzweil sold 1,200 shares of the company’s 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 sale, the director now directly owns 33,146 shares in the company, valued at approximately $3,792,565.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.43% of the stock is owned by insiders.

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.