Kennedy Capital Management Inc. trimmed its stake in Axcelis Technologies Inc (NASDAQ:ACLS) by 31.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,145 shares of the semiconductor company’s stock after selling 44,890 shares during the quarter. Kennedy Capital Management Inc. owned approximately 0.31% of Axcelis Technologies worth $2,845,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ACLS. Parametric Portfolio Associates LLC bought a new position in Axcelis Technologies in the second quarter valued at approximately $1,229,000. Voya Investment Management LLC bought a new position in Axcelis Technologies in the second quarter valued at approximately $271,000. Royal Bank of Canada grew its stake in Axcelis Technologies by 391.3% in the second quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 3,913 shares in the last quarter. State Street Corp grew its stake in Axcelis Technologies by 8.8% in the second quarter. State Street Corp now owns 547,721 shares of the semiconductor company’s stock valued at $11,475,000 after purchasing an additional 44,530 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Axcelis Technologies by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 24,397 shares of the semiconductor company’s stock valued at $510,000 after purchasing an additional 660 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.
A number of research analysts have weighed in on ACLS shares. B. Riley restated a “buy” rating and issued a $39.00 price target on shares of Axcelis Technologies in a research note on Tuesday, December 5th. BidaskClub downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Benchmark reiterated a “buy” rating and set a $33.00 target price (down from $36.00) on shares of Axcelis Technologies in a research note on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The stock 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.08. The business had revenue of $116.40 million during the quarter, compared to the consensus estimate of $109.76 million. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The firm’s quarterly revenue was up 67.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. equities analysts expect that Axcelis Technologies Inc will post 1.34 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “Kennedy Capital Management Inc. Has $2.85 Million Holdings in Axcelis Technologies Inc (ACLS)” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.americanbankingnews.com/2018/03/14/kennedy-capital-management-inc-has-2-85-million-holdings-in-axcelis-technologies-inc-acls.html.
Axcelis Technologies Company 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.
Want to see what other hedge funds are holding ACLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axcelis Technologies Inc (NASDAQ:ACLS).
Receive News & Ratings for Axcelis Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axcelis Technologies and related companies with MarketBeat.com's FREE daily email newsletter.