Kapitalo Investimentos Ltda Lowers Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Kapitalo Investimentos Ltda cut its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 23.0% in the 4th quarter, Holdings Channel reports. The fund owned 601 shares of the semiconductor company’s stock after selling 180 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Axcelis Technologies were worth $78,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Axcelis Technologies by 5.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,357 shares of the semiconductor company’s stock worth $435,000 after purchasing an additional 168 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Axcelis Technologies by 341.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 52,927 shares of the semiconductor company’s stock worth $6,864,000 after buying an additional 40,927 shares in the last quarter. Vanguard Group Inc. grew its position in Axcelis Technologies by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 4,040,912 shares of the semiconductor company’s stock valued at $524,066,000 after acquiring an additional 92,584 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Axcelis Technologies by 0.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 442,586 shares of the semiconductor company’s stock worth $57,399,000 after acquiring an additional 3,999 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Axcelis Technologies in the 4th quarter worth approximately $424,000. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS opened at $136.02 on Friday. The company has a current ratio of 4.00, a quick ratio of 2.87 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $114.32 and a 200-day moving average price of $118.26. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 3.41 and a beta of 1.54. Axcelis Technologies, Inc. has a 12 month low of $93.77 and a 12 month high of $201.00.

Axcelis Technologies (NASDAQ:ACLS) last released 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 business had revenue of $252.37 million during the quarter, compared to analyst estimates of $242.55 million. As a group, equities analysts anticipate that Axcelis Technologies, Inc. will post 6.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ACLS shares. B. Riley increased their target price on shares of Axcelis Technologies from $155.00 to $175.00 and gave the company a “buy” rating in a report on Thursday. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Friday, May 3rd. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Friday, May 3rd. Finally, Benchmark reduced their price target on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $173.00.

Insider Activity at Axcelis Technologies

In related news, Director John T. Kurtzweil sold 1,200 shares of Axcelis Technologies 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 sale, the director now owns 33,146 shares in the company, valued at $3,792,565.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.43% of the stock is owned by corporate 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.