White Pine Capital LLC Lowers Stake in Axcelis Technologies Inc (ACLS)
White Pine Capital LLC trimmed its position in shares of Axcelis Technologies Inc (NASDAQ:ACLS) by 25.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 29,741 shares of the semiconductor company’s stock after selling 10,175 shares during the period. White Pine Capital LLC’s holdings in Axcelis Technologies were worth $854,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of ACLS. Royal Bank of Canada raised its position in shares of Axcelis Technologies by 391.3% during the second quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 3,913 shares during the period. Advisor Group Inc. raised its position in shares of Axcelis Technologies by 143.7% during the third quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 2,350 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Axcelis Technologies during the fourth quarter worth approximately $178,000. Jane Street Group LLC acquired a new position in shares of Axcelis Technologies during the third quarter worth approximately $201,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of Axcelis Technologies during the third quarter worth approximately $230,000. 84.92% of the stock is currently owned by institutional investors.
ACLS has been the topic of a number of research reports. ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BidaskClub lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Benchmark reaffirmed a “buy” rating and set a $33.00 target price (down from $36.00) on shares of Axcelis Technologies in a research report on Thursday, January 18th. Stifel Nicolaus raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Monday, January 22nd. Finally, Zacks Investment Research lowered Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $32.50.
Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The business had revenue of $116.40 million during the quarter, compared to analyst estimates of $109.76 million. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. Axcelis Technologies’s quarterly revenue was up 67.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS. analysts anticipate that Axcelis Technologies Inc will post 1.34 EPS for the current 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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