Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,603 shares of the semiconductor company’s stock after selling 340 shares during the quarter. Amalgamated Bank’s holdings in Axcelis Technologies were worth $1,007,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. CWM LLC lifted its position in Axcelis Technologies by 4.8% in the 2nd quarter. CWM LLC now owns 1,506 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 69 shares during the last quarter. Xponance Inc. increased its stake in shares of Axcelis Technologies by 4.7% in the second quarter. Xponance Inc. now owns 2,061 shares of the semiconductor company’s stock valued at $293,000 after purchasing an additional 92 shares during the period. Andina Capital Management LLC raised its holdings in shares of Axcelis Technologies by 3.7% during the second quarter. Andina Capital Management LLC now owns 2,791 shares of the semiconductor company’s stock valued at $397,000 after buying an additional 99 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Axcelis Technologies by 17.5% during the first quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock worth $75,000 after buying an additional 100 shares during the period. Finally, Evergreen Capital Management LLC grew its holdings in Axcelis Technologies by 6.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,984 shares of the semiconductor company’s stock worth $282,000 after buying an additional 114 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Down 1.1 %

ACLS opened at $78.85 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45. The company has a market capitalization of $2.56 billion, a PE ratio of 11.86, a P/E/G ratio of 2.56 and a beta of 1.60. The stock’s fifty day moving average is $95.66 and its 200-day moving average is $112.87. Axcelis Technologies, Inc. has a one year low of $78.61 and a one year high of $158.61.

Wall Street Analysts Forecast Growth

ACLS has been the topic of several recent analyst reports. B. Riley cut their target price on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.33.

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.