Cetera Investment Advisers Sells 998 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Cetera Investment Advisers lowered its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 10.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,274 shares of the semiconductor company’s stock after selling 998 shares during the quarter. Cetera Investment Advisers’ holdings in Axcelis Technologies were worth $1,176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ACLS. Homestead Advisers Corp bought a new stake in Axcelis Technologies in the 1st quarter worth $1,227,000. SG Americas Securities LLC purchased a new position in Axcelis Technologies in the first quarter worth about $791,000. Harbor Capital Advisors Inc. raised its holdings in shares of Axcelis Technologies by 309.0% during 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 last quarter. GSA Capital Partners LLP purchased a new position in shares of Axcelis Technologies during the first quarter valued at approximately $594,000. Finally, Virtu Financial LLC raised its holdings in shares of Axcelis Technologies by 281.5% during the first quarter. Virtu Financial LLC now owns 12,467 shares of the semiconductor company’s stock valued at $1,390,000 after purchasing an additional 9,199 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Insiders Place Their Bets

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of the company’s 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 transaction, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ACLS shares. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. Bank of America upped their price target on shares of Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Craig Hallum increased their target price on shares of Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Benchmark reduced their price target on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, DA Davidson raised their target price on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $167.33.

Axcelis Technologies Stock Down 1.0 %

NASDAQ:ACLS opened at $95.65 on Thursday. The company has a market cap of $3.11 billion, a PE ratio of 12.64, a P/E/G ratio of 3.02 and a beta of 1.58. Axcelis Technologies, Inc. has a twelve month low of $93.77 and a twelve month high of $163.41. 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 company’s 50 day moving average is $104.88 and its two-hundred day moving average is $115.03.

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 net margin of 21.54% and a return on equity of 27.35%. The firm had revenue of $256.51 million during the quarter, compared to analysts’ expectations of $250.06 million. During the same period in the previous year, the business posted $1.86 EPS. The business’s revenue was down 6.4% compared to the same quarter last year. Analysts anticipate that Axcelis Technologies, Inc. will post 6.05 EPS for the current year.

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.