Legal & General Group Plc maintained its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,348 shares of the semiconductor company’s stock at the close of the second quarter. Legal & General Group Plc’s holdings in Axcelis Technologies were worth $177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ACLS. Russell Investments Group Ltd. bought a new position in shares of Axcelis Technologies during the first quarter valued at $875,000. Bank of New York Mellon Corp lifted its holdings in shares of Axcelis Technologies by 36.9% during the first quarter. Bank of New York Mellon Corp now owns 163,130 shares of the semiconductor company’s stock valued at $3,067,000 after acquiring an additional 43,934 shares during the period. KBC Group NV lifted its holdings in shares of Axcelis Technologies by 18.3% during the first quarter. KBC Group NV now owns 32,443 shares of the semiconductor company’s stock valued at $610,000 after acquiring an additional 5,020 shares during the period. American International Group Inc. lifted its holdings in shares of Axcelis Technologies by 7.1% during the first quarter. American International Group Inc. now owns 17,943 shares of the semiconductor company’s stock valued at $337,000 after acquiring an additional 1,184 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in shares of Axcelis Technologies by 3.4% during the first quarter. Teachers Advisors LLC now owns 48,234 shares of the semiconductor company’s stock valued at $907,000 after acquiring an additional 1,568 shares during the period. 75.34% of the stock is owned by institutional investors.

In related news, EVP William J. Bintz sold 12,500 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $22.57, for a total transaction of $282,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Douglas A. Lawson sold 14,454 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $21.12, for a total value of $305,268.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,641 shares of company stock valued at $2,347,514. 5.66% of the stock is owned by corporate insiders.

A number of brokerages have issued reports on ACLS. B. Riley reissued a “buy” rating and set a $30.00 price objective on shares of Axcelis Technologies in a report on Wednesday, August 9th. Zacks Investment Research cut Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. Needham & Company LLC reissued a “buy” rating and set a $27.00 price objective (up from $23.00) on shares of Axcelis Technologies in a report on Friday, June 16th. ValuEngine cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Wedbush lifted their price objective on Axcelis Technologies from $23.00 to $27.00 in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.67.

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Axcelis Technologies, Inc. (NASDAQ:ACLS) opened at 30.65 on Friday. Axcelis Technologies, Inc. has a one year low of $11.05 and a one year high of $31.40. The firm’s 50 day moving average price is $24.60 and its 200-day moving average price is $22.01. The company has a market capitalization of $956.98 million, a PE ratio of 32.89 and a beta of 1.15.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). Axcelis Technologies had a return on equity of 12.52% and a net margin of 9.10%. The business had revenue of $102.80 million for the quarter, compared to the consensus estimate of $100.07 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. Axcelis Technologies’s quarterly revenue was up 59.4% compared to the same quarter last year. Equities analysts forecast that Axcelis Technologies, Inc. will post $1.26 earnings per share for the current fiscal year.

Axcelis Technologies Profile

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.

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

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