Skandinaviska Enskilda Banken AB publ Sells 5,253 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Skandinaviska Enskilda Banken AB publ lessened its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 63.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,979 shares of the semiconductor company's stock after selling 5,253 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Axcelis Technologies were worth $148,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fifth Third Bancorp increased its position in shares of Axcelis Technologies by 160.5% in the first quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 358 shares during the period. Versant Capital Management Inc increased its position in shares of Axcelis Technologies by 118.7% in the first quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 317 shares during the period. Quarry LP increased its position in shares of Axcelis Technologies by 1,387.5% in the fourth quarter. Quarry LP now owns 714 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 666 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Axcelis Technologies by 97.5% in the first quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 393 shares during the period. Finally, Sound Income Strategies LLC bought a new position in shares of Axcelis Technologies in the first quarter worth $44,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price target on Axcelis Technologies from $58.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $90.00.

Insiders Place Their Bets

In related news, Director John T. Kurtzweil sold 1,682 shares of Axcelis Technologies stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $61.93, for a total value of $104,166.26. Following the completion of the sale, the director owned 35,050 shares of the company's stock, valued at approximately $2,170,646.50. This trade represents a 4.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.48% of the company's stock.

Axcelis Technologies Stock Up 1.6%

Shares of NASDAQ:ACLS traded up $1.06 during trading on Friday, reaching $68.75. 545,422 shares of the stock were exchanged, compared to its average volume of 415,513. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.56 and a quick ratio of 4.08. Axcelis Technologies, Inc. has a 1-year low of $40.40 and a 1-year high of $117.57. The stock has a fifty day moving average of $68.61 and a two-hundred day moving average of $61.30. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 12.59 and a beta of 1.58.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.65. Axcelis Technologies had a return on equity of 18.55% and a net margin of 18.58%. The business had revenue of $192.56 million for the quarter, compared to analysts' expectations of $184.86 million. During the same period last year, the business earned $1.57 EPS. The business's revenue was down 23.7% on a year-over-year basis. Research analysts anticipate that Axcelis Technologies, Inc. will post 2.55 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 in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.