Bank of Montreal Can Lowers Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Bank of Montreal Can trimmed its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,422 shares of the semiconductor company’s stock after selling 171 shares during the quarter. Bank of Montreal Can’s holdings in Axcelis Technologies were worth $641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ACLS. Evergreen Capital Management LLC grew its holdings in shares of Axcelis Technologies by 6.1% in the second quarter. Evergreen Capital Management LLC now owns 1,984 shares of the semiconductor company’s stock valued at $282,000 after acquiring an additional 114 shares in the last quarter. Public Sector Pension Investment Board grew its stake in Axcelis Technologies by 6.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 71,587 shares of the semiconductor company’s stock valued at $10,179,000 after purchasing an additional 4,593 shares during the period. ProShare Advisors LLC grew its stake in Axcelis Technologies by 4.9% in the 2nd quarter. ProShare Advisors LLC now owns 12,168 shares of the semiconductor company’s stock valued at $1,730,000 after purchasing an additional 571 shares during the period. Profund Advisors LLC increased its position in shares of Axcelis Technologies by 3.5% during the 2nd quarter. Profund Advisors LLC now owns 4,003 shares of the semiconductor company’s stock valued at $569,000 after purchasing an additional 137 shares during the last quarter. Finally, Nkcfo LLC bought a new stake in shares of Axcelis Technologies during the 2nd quarter worth $185,000. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Down 0.4 %

Shares of NASDAQ:ACLS opened at $98.50 on Wednesday. The stock has a market capitalization of $3.20 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 3.09 and a beta of 1.58. The stock’s 50-day moving average price is $106.21 and its 200-day moving average price is $115.52. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a 12-month low of $93.77 and a 12-month high of $170.97.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $256.51 million for the quarter, compared to analyst estimates of $250.06 million. During the same period last year, the company earned $1.86 EPS. Axcelis Technologies’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities analysts anticipate that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on ACLS. Bank of America lifted their price objective on shares of Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Craig Hallum lifted their price target on shares of Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Benchmark reduced their price objective on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a report on Friday, August 2nd. DA Davidson boosted 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. Finally, B. Riley cut their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. 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 a consensus price target of $167.33.

Insider Buying and Selling

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of the stock in a transaction 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 sale, the director now owns 5,891 shares of the company’s stock, valued at $647,892.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.43% of the stock is owned by insiders.

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.