Voya Investment Management LLC Reduces Stake in Axcelis Technologies, Inc. $ACLS

Voya Investment Management LLC trimmed its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 36.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,676 shares of the semiconductor company’s stock after selling 8,500 shares during the period. Voya Investment Management LLC’s holdings in Axcelis Technologies were worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its stake in Axcelis Technologies by 50.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 161 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Axcelis Technologies by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 267 shares during the period. Advisors Asset Management Inc. grew its holdings in Axcelis Technologies by 16.3% during the 1st quarter. Advisors Asset Management Inc. now owns 1,969 shares of the semiconductor company’s stock valued at $98,000 after buying an additional 276 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Axcelis Technologies by 129.0% during the second quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 307 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of Axcelis Technologies by 1.2% in the second quarter. California State Teachers Retirement System now owns 30,130 shares of the semiconductor company’s stock worth $2,100,000 after buying an additional 358 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies news, EVP Gerald M. Blumenstock sold 3,034 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $89.46, for a total transaction of $271,421.64. Following the transaction, the executive vice president directly owned 18,661 shares in the company, valued at $1,669,413.06. This trade represents a 13.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jorge Titinger sold 2,000 shares of Axcelis Technologies stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $86.05, for a total transaction of $172,100.00. Following the transaction, the director directly owned 7,477 shares in the company, valued at $643,395.85. This trade represents a 21.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.48% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ACLS has been the subject of several recent analyst reports. DA Davidson boosted their price objective on shares of Axcelis Technologies from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Wall Street Zen upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 14th. Zacks Research downgraded Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Benchmark raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Thursday, October 2nd. Finally, B. Riley decreased their target price on Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $98.80.

Axcelis Technologies Stock Down 1.0%

Shares of NASDAQ:ACLS opened at $81.82 on Tuesday. The firm has a market capitalization of $2.54 billion, a PE ratio of 19.34 and a beta of 1.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.32 and a current ratio of 4.95. Axcelis Technologies, Inc. has a 52-week low of $40.40 and a 52-week high of $102.93. The firm has a fifty day moving average of $83.35 and a 200 day moving average of $80.88.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. Axcelis Technologies had a return on equity of 14.58% and a net margin of 15.93%.The firm had revenue of $252.42 million during the quarter. As a group, research analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

About Axcelis Technologies

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.