Allspring Global Investments Holdings LLC Sells 2,669 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 42.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,663 shares of the semiconductor company’s stock after selling 2,669 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Axcelis Technologies were worth $384,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ACLS. Homestead Advisers Corp bought a new stake in Axcelis Technologies in the 1st quarter worth approximately $1,227,000. SG Americas Securities LLC bought a new stake in Axcelis Technologies in the 1st quarter worth approximately $791,000. Harbor Capital Advisors Inc. lifted its position in Axcelis Technologies by 309.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 17,549 shares of the semiconductor company’s stock worth $2,495,000 after buying an additional 13,258 shares during the last quarter. Annex Advisory Services LLC lifted its position in Axcelis Technologies by 72.0% in the 3rd quarter. Annex Advisory Services LLC now owns 12,226 shares of the semiconductor company’s stock worth $1,282,000 after buying an additional 5,118 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Axcelis Technologies in the 1st quarter worth approximately $594,000. Institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Craig Hallum boosted their target price on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Benchmark lowered their price objective on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Bank of America boosted their price objective on Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. Finally, DA Davidson boosted their price objective on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $167.33.

Insider Activity

In related news, Director Jorge Titinger sold 6,086 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total value of $669,338.28. Following the sale, the director now directly owns 5,891 shares of the company’s stock, valued at $647,892.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.43% of the company’s stock.

Axcelis Technologies Price Performance

ACLS opened at $86.09 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.26 and a current ratio of 4.42. Axcelis Technologies, Inc. has a 52-week low of $85.26 and a 52-week high of $158.61. The stock has a market capitalization of $2.81 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 2.72 and a beta of 1.58. The stock’s 50 day moving average price is $99.27 and its 200-day moving average price is $113.66.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.18. Axcelis Technologies had a return on equity of 27.35% and a net margin of 21.54%. The firm had revenue of $256.51 million for the quarter, compared to analysts’ expectations of $250.06 million. During the same period in the previous year, the firm earned $1.86 earnings per share. The business’s revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts predict that Axcelis Technologies, Inc. will post 6.05 EPS for the current year.

Axcelis Technologies 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.