Redwood Investments LLC Sells 37,254 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Redwood Investments LLC reduced its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 73.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,391 shares of the semiconductor company's stock after selling 37,254 shares during the period. Redwood Investments LLC's holdings in Axcelis Technologies were worth $1,737,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Chartwell Investment Partners LLC bought a new stake in shares of Axcelis Technologies in the 3rd quarter worth about $437,000. Fuller & Thaler Asset Management Inc. raised its holdings in Axcelis Technologies by 8.7% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 224,118 shares of the semiconductor company's stock worth $36,542,000 after buying an additional 17,885 shares during the period. Barclays PLC raised its holdings in shares of Axcelis Technologies by 267.0% in the third quarter. Barclays PLC now owns 100,409 shares of the semiconductor company's stock valued at $16,372,000 after purchasing an additional 73,053 shares during the last quarter. Northern Trust Corp grew its stake in shares of Axcelis Technologies by 2.0% in the third quarter. Northern Trust Corp now owns 392,377 shares of the semiconductor company's stock valued at $63,977,000 after buying an additional 7,595 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Axcelis Technologies in the third quarter valued at $910,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Axcelis Technologies news, EVP Douglas A. Lawson purchased 500 shares of the stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $111.04 per share, with a total value of $55,520.00. Following the completion of the acquisition, the executive vice president now directly owns 19,648 shares in the company, valued at approximately $2,181,713.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.43% of the company's stock.

Axcelis Technologies Price Performance

Shares of ACLS traded down $0.95 during trading hours on Friday, reaching $111.52. 530,034 shares of the company's stock traded hands, compared to its average volume of 573,101. The company has a current ratio of 3.79, a quick ratio of 2.71 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a 12 month low of $105.28 and a 12 month high of $201.00. The firm's 50 day simple moving average is $118.68 and its 200-day simple moving average is $131.23. The stock has a market cap of $3.64 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 2.37 and a beta of 1.64.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.17. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The firm had revenue of $310.29 million during the quarter, compared to the consensus estimate of $297.92 million. During the same quarter in the previous year, the company posted $1.71 earnings per share. The business's revenue was up 16.6% on a year-over-year basis. Equities analysts expect that Axcelis Technologies, Inc. will post 6.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. B. Riley reduced their price objective on shares of Axcelis Technologies from $180.00 to $165.00 and set a "buy" rating for the company in a research report on Friday, February 9th. B. Riley Financial lowered their target price on Axcelis Technologies from $180.00 to $165.00 and set a "buy" rating for the company in a research note on Friday, February 9th. Finally, Bank of America cut Axcelis Technologies from a "buy" rating to a "neutral" rating in a report on Friday, December 15th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $189.00.

Axcelis Technologies Company 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.