Sei Investments Co. Sells 70,061 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Sei Investments Co. decreased its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 48.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 74,691 shares of the semiconductor company’s stock after selling 70,061 shares during the period. Sei Investments Co.’s holdings in Axcelis Technologies were worth $10,620,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ACLS. PNC Financial Services Group Inc. boosted its holdings in shares of Axcelis Technologies by 5.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,357 shares of the semiconductor company’s stock worth $435,000 after buying an additional 168 shares during the period. Assetmark Inc. boosted its holdings in Axcelis Technologies by 690.0% in the 4th quarter. Assetmark Inc. now owns 474 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 414 shares during the period. Hsbc Holdings PLC boosted its holdings in Axcelis Technologies by 663.7% in the 4th quarter. Hsbc Holdings PLC now owns 22,460 shares of the semiconductor company’s stock valued at $2,914,000 after purchasing an additional 19,519 shares during the period. TD Asset Management Inc boosted its holdings in Axcelis Technologies by 13.5% in the 4th quarter. TD Asset Management Inc now owns 10,100 shares of the semiconductor company’s stock valued at $1,310,000 after purchasing an additional 1,200 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in Axcelis Technologies by 2.0% in the 4th quarter. Allianz Asset Management GmbH now owns 125,328 shares of the semiconductor company’s stock valued at $16,254,000 after purchasing an additional 2,462 shares during the period. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

ACLS stock opened at $107.37 on Friday. The company has a 50 day simple moving average of $109.78 and a 200 day simple moving average of $115.95. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 3.09 and a beta of 1.58. Axcelis Technologies, Inc. has a 1 year low of $93.77 and a 1 year high of $170.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.42 and a quick ratio of 3.26.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.18. The business had revenue of $256.51 million during the quarter, compared to analysts’ expectations of $250.06 million. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.86 EPS. Research analysts anticipate that Axcelis Technologies, Inc. will post 6.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jorge Titinger sold 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total transaction of $669,338.28. Following the completion of the transaction, the director now directly owns 5,891 shares in the company, valued at approximately $647,892.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.43% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ACLS has been the subject of a number of recent research reports. DA Davidson boosted their price objective on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 15th. Benchmark cut their price objective on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a report on Friday, August 2nd. B. Riley dropped their target price on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. Finally, Bank of America boosted their target price 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.33.

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.