Axcelis Technologies, Inc. (ACLS) Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas decreased its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 23.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,750 shares of the semiconductor company’s stock after selling 27,000 shares during the period. Employees Retirement System of Texas owned approximately 0.28% of Axcelis Technologies worth $1,838,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ACLS. Peregrine Capital Management LLC grew its stake in shares of Axcelis Technologies by 405.6% in the second quarter. Peregrine Capital Management LLC now owns 572,856 shares of the semiconductor company’s stock worth $12,001,000 after acquiring an additional 459,560 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Axcelis Technologies by 106,193.5% in the second quarter. Bank of Montreal Can now owns 329,510 shares of the semiconductor company’s stock worth $6,902,000 after acquiring an additional 329,200 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Axcelis Technologies by 10.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,766,009 shares of the semiconductor company’s stock worth $33,200,000 after acquiring an additional 163,016 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Axcelis Technologies by 247.3% in the second quarter. Russell Investments Group Ltd. now owns 161,665 shares of the semiconductor company’s stock worth $3,386,000 after acquiring an additional 115,111 shares during the last quarter. Finally, PDT Partners LLC grew its stake in shares of Axcelis Technologies by 159.3% in the second quarter. PDT Partners LLC now owns 176,305 shares of the semiconductor company’s stock worth $3,694,000 after acquiring an additional 108,305 shares during the last quarter. Institutional investors and hedge funds own 75.34% of the company’s stock.

In other Axcelis Technologies news, EVP Douglas A. Lawson sold 14,454 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $21.12, for a total transaction of $305,268.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin J. Brewer sold 62,348 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $22.46, for a total value of $1,400,336.08. The disclosure for this sale can be found here. Insiders have sold a total of 106,641 shares of company stock worth $2,347,514 in the last quarter. Company insiders own 5.66% of the company’s stock.

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Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Axcelis Technologies had a net margin of 9.10% and a return on equity of 12.52%. The business had revenue of $102.80 million during the quarter, compared to the consensus estimate of $100.07 million. During the same quarter last year, the company posted $0.10 EPS. The firm’s revenue was up 59.4% on a year-over-year basis.

ACLS has been the topic of several research analyst reports. Benchmark Co. restated a “buy” rating and issued a $28.00 price objective (up previously from $24.00) on shares of Axcelis Technologies in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Friday, September 15th. B. Riley restated a “buy” rating and issued a $30.00 price objective on shares of Axcelis Technologies in a research note on Friday, August 4th. Wedbush raised their price objective on shares of Axcelis Technologies from $23.00 to $27.00 in a research note on Friday, June 16th. Finally, ValuEngine downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $25.67.

About Axcelis Technologies

Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.

Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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