American International Group Inc. Decreases Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

American International Group Inc. reduced its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,750 shares of the semiconductor company’s stock after selling 153 shares during the quarter. American International Group Inc.’s holdings in Axcelis Technologies were worth $2,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Louisiana State Employees Retirement System purchased a new stake in Axcelis Technologies in the fourth quarter worth $2,127,000. Rafferty Asset Management LLC grew its position in shares of Axcelis Technologies by 14.8% in the fourth 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 in the last quarter. Annex Advisory Services LLC grew its position in shares of Axcelis Technologies by 964.1% in the fourth quarter. Annex Advisory Services LLC now owns 51,608 shares of the semiconductor company’s stock valued at $6,693,000 after purchasing an additional 46,758 shares in the last quarter. Harber Asset Management LLC purchased a new position in shares of Axcelis Technologies in the fourth quarter valued at $5,165,000. Finally, Northern Trust Corp grew its position in shares of Axcelis Technologies by 2.0% in the third quarter. Northern Trust Corp now owns 392,377 shares of the semiconductor company’s stock valued at $63,977,000 after purchasing an additional 7,595 shares in the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Axcelis Technologies Price Performance

Axcelis Technologies stock opened at $141.16 on Wednesday. Axcelis Technologies, Inc. has a 52 week low of $93.77 and a 52 week high of $201.00. The business has a 50-day simple moving average of $116.34 and a 200 day simple moving average of $118.50. The company has a quick ratio of 2.87, a current ratio of 4.00 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 3.34 and a beta of 1.54.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Wednesday, May 1st. The semiconductor company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.26 by $0.31. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The business had revenue of $252.37 million during the quarter, compared to analysts’ expectations of $242.55 million. On average, research analysts forecast that Axcelis Technologies, Inc. will post 6.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of Axcelis Technologies stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $114.42, for a total transaction of $137,304.00. Following the completion of the sale, the director now owns 33,146 shares of the company’s stock, valued at $3,792,565.32. 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 company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ACLS shares. B. Riley lifted their price target on Axcelis Technologies from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Friday, May 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, May 3rd. Finally, Benchmark reduced their price target on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $173.00.

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.