Victory Capital Management Inc. Reduces Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Victory Capital Management Inc. reduced its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 8.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 64,872 shares of the semiconductor company’s stock after selling 6,316 shares during the period. Victory Capital Management Inc. owned 0.20% of Axcelis Technologies worth $9,224,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Homestead Advisers Corp purchased a new stake in Axcelis Technologies in the first quarter valued at approximately $1,227,000. Rafferty Asset Management LLC raised its position in Axcelis Technologies by 14.8% in the 4th quarter. Rafferty Asset Management LLC now owns 203,622 shares of the semiconductor company’s stock valued at $26,408,000 after purchasing an additional 26,228 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Axcelis Technologies during the 1st quarter worth $791,000. Annex Advisory Services LLC grew its position in Axcelis Technologies by 964.1% during the 4th quarter. Annex Advisory Services LLC now owns 51,608 shares of the semiconductor company’s stock worth $6,693,000 after purchasing an additional 46,758 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Axcelis Technologies by 309.0% in the second quarter. Harbor Capital Advisors Inc. now owns 17,549 shares of the semiconductor company’s stock valued at $2,495,000 after purchasing an additional 13,258 shares during the period. 89.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ACLS shares. Benchmark lowered their price target on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. B. Riley lowered their target price on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Bank of America upped their price target on Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Craig Hallum lifted their price objective on shares of Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, DA Davidson upped their price objective on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $167.33.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total value of $669,338.28. Following the sale, the director now owns 5,891 shares of the company’s stock, valued at $647,892.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.43% of the stock is currently owned by insiders.

Axcelis Technologies Trading Up 3.7 %

Shares of Axcelis Technologies stock opened at $103.27 on Friday. The company has a 50-day moving average of $118.02 and a two-hundred day moving average of $116.76. Axcelis Technologies, Inc. has a 12-month low of $93.77 and a 12-month high of $181.45. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.37 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 3.06 and a beta of 1.58.

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