Amalgamated Bank Has $1.41 Million Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Amalgamated Bank decreased its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 4.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,943 shares of the semiconductor company’s stock after selling 421 shares during the quarter. Amalgamated Bank’s holdings in Axcelis Technologies were worth $1,414,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Homestead Advisers Corp acquired a new position in shares of Axcelis Technologies in the first quarter valued at approximately $1,227,000. Rafferty Asset Management LLC increased its position in Axcelis Technologies by 14.8% during the 4th quarter. Rafferty Asset Management LLC now owns 203,622 shares of the semiconductor company’s stock worth $26,408,000 after buying an additional 26,228 shares during the period. SG Americas Securities LLC bought a new position in Axcelis Technologies during the 1st quarter worth $791,000. Annex Advisory Services LLC lifted its holdings in shares of Axcelis Technologies by 964.1% during the fourth quarter. Annex Advisory Services LLC now owns 51,608 shares of the semiconductor company’s stock worth $6,693,000 after buying an additional 46,758 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of 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 acquiring an additional 13,258 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

Axcelis Technologies stock opened at $108.05 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.26 and a current ratio of 4.42. Axcelis Technologies, Inc. has a 52 week low of $93.77 and a 52 week high of $170.97. The stock has a market capitalization of $3.52 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 3.09 and a beta of 1.58. The stock has a fifty day moving average of $110.71 and a 200-day moving average of $116.05.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.18. The firm had revenue of $256.51 million during the quarter, compared to analysts’ expectations of $250.06 million. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 earnings per share. On average, sell-side analysts expect that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in 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 note on Wednesday, July 10th. Benchmark dropped their price target on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. B. Riley dropped their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, DA Davidson increased their target price on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a 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. According to MarketBeat, Axcelis Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $167.33.

Insiders Place Their Bets

In other news, Director Jorge Titinger sold 6,086 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total value 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.43% of the company’s stock.

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.