Mutual of America Capital Management LLC Has $3.03 Million Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Mutual of America Capital Management LLC lessened its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,329 shares of the semiconductor company’s stock after selling 974 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.07% of Axcelis Technologies worth $3,033,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Axcelis Technologies by 109.4% in the first quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Axcelis Technologies by 348.9% during the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock worth $30,000 after buying an additional 164 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Axcelis Technologies by 223.8% in the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 188 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Axcelis Technologies in the second quarter valued at about $39,000. Finally, Isthmus Partners LLC raised its holdings in Axcelis Technologies by 87.3% during the second quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 15,507 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Insider Buying and Selling at Axcelis Technologies

In other news, Director Jorge Titinger sold 6,086 shares of the firm’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 transaction, the director now directly 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. Insiders own 1.43% of the company’s stock.

Axcelis Technologies Trading Up 1.2 %

Shares of NASDAQ:ACLS opened at $102.54 on Tuesday. Axcelis Technologies, Inc. has a 12-month low of $93.77 and a 12-month high of $170.97. The business has a 50 day moving average of $112.25 and a 200-day moving average of $116.20. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.34 billion, a PE ratio of 13.55, a P/E/G ratio of 3.06 and a beta of 1.58.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $250.06 million. During the same period in the prior year, the firm posted $1.86 EPS. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, equities research analysts forecast that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on ACLS shares. B. Riley lowered their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. Bank of America boosted their price objective on shares of Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Benchmark cut their target price 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, DA Davidson boosted their price target on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.