Ameriprise Financial Inc. Reduces Holdings in Axcelis Technologies Inc (ACLS)

Ameriprise Financial Inc. decreased its position in shares of Axcelis Technologies Inc (NASDAQ:ACLS) by 35.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,129 shares of the semiconductor company’s stock after selling 27,609 shares during the period. Ameriprise Financial Inc. owned approximately 0.16% of Axcelis Technologies worth $1,398,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Axcelis Technologies by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,809,984 shares of the semiconductor company’s stock worth $37,920,000 after buying an additional 43,975 shares during the period. Vanguard Group Inc. grew its stake in shares of Axcelis Technologies by 4.7% in the second quarter. Vanguard Group Inc. now owns 1,282,745 shares of the semiconductor company’s stock worth $26,873,000 after purchasing an additional 57,052 shares during the last quarter. Peregrine Capital Management LLC grew its stake in shares of Axcelis Technologies by 45.0% in the third quarter. Peregrine Capital Management LLC now owns 830,397 shares of the semiconductor company’s stock worth $22,711,000 after purchasing an additional 257,541 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of Axcelis Technologies by 2.6% in the second quarter. Hood River Capital Management LLC now owns 815,456 shares of the semiconductor company’s stock worth $17,084,000 after purchasing an additional 20,904 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Axcelis Technologies by 8.8% in the second quarter. State Street Corp now owns 547,721 shares of the semiconductor company’s stock worth $11,475,000 after purchasing an additional 44,530 shares during the last quarter. Institutional investors and hedge funds own 77.95% of the company’s stock.

In related news, VP Lynnette C. Fallon sold 56,250 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $32.92, for a total value of $1,851,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John E. Aldeborgh sold 87,500 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $33.22, for a total transaction of $2,906,750.00. The disclosure for this sale can be found here. Insiders sold a total of 190,190 shares of company stock valued at $6,334,389 over the last 90 days. 5.66% of the stock is currently owned by company insiders.

ACLS has been the topic of several research reports. Stifel Nicolaus lifted their price objective on Axcelis Technologies from $20.00 to $31.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. B. Riley boosted their price target on Axcelis Technologies from $30.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BidaskClub lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Craig Hallum lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.33.

Shares of Axcelis Technologies Inc (ACLS) opened at $30.30 on Wednesday. The firm has a market cap of $915.69, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. Axcelis Technologies Inc has a 12 month low of $14.60 and a 12 month high of $37.05.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.28 by $0.10. Axcelis Technologies had a return on equity of 16.37% and a net margin of 10.80%. analysts expect that Axcelis Technologies Inc will post 1.44 EPS for the current year.

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Axcelis Technologies Profile

Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.

Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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