Rice Hall James & Associates LLC Sells 285 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Rice Hall James & Associates LLC decreased its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,111 shares of the semiconductor company’s stock after selling 285 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.10% of Axcelis Technologies worth $3,472,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC grew its holdings in Axcelis Technologies by 348.9% in the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 164 shares during the last quarter. Blue Trust Inc. raised its stake in Axcelis Technologies by 223.8% during the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Axcelis Technologies in the 2nd quarter valued at $39,000. Meeder Asset Management Inc. acquired a new stake in Axcelis Technologies in the 2nd quarter worth $69,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Axcelis Technologies by 17.5% during the 1st quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 100 shares during the period. 89.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Jorge Titinger sold 6,086 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total transaction of $669,338.28. Following the sale, the director now owns 5,891 shares in the company, valued at approximately $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 accessible through this link. 1.43% of the stock is owned by corporate insiders.

Axcelis Technologies Stock Up 0.9 %

ACLS opened at $86.09 on Friday. Axcelis Technologies, Inc. has a twelve month low of $85.26 and a twelve month high of $158.61. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 2.72 and a beta of 1.58. The firm’s 50-day simple moving average is $99.27 and its 200-day simple moving average is $113.59. 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 (NASDAQ:ACLS) last posted 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 during the quarter, compared to analyst estimates of $250.06 million. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The company’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted $1.86 earnings per share. Equities research analysts anticipate that Axcelis Technologies, Inc. will post 6.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ACLS shares. Craig Hallum lifted 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. DA Davidson upped their target price on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. Benchmark dropped their price objective on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Bank of America lifted 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.33.

About Axcelis Technologies

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.