Illinois Municipal Retirement Fund Sells 1,202 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Illinois Municipal Retirement Fund cut its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,983 shares of the semiconductor company’s stock after selling 1,202 shares during the period. Illinois Municipal Retirement Fund owned about 0.05% of Axcelis Technologies worth $1,187,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ACLS. Avior Wealth Management LLC boosted its stake in shares of Axcelis Technologies by 1,153.8% during the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 450 shares during the period. Capital Advisors Ltd. LLC boosted its stake in shares of Axcelis Technologies by 1,415.2% during the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 467 shares during the period. Blue Trust Inc. boosted its stake in shares of Axcelis Technologies by 85.5% during the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 289 shares during the period. Truvestments Capital LLC purchased a new position in shares of Axcelis Technologies during the 3rd quarter worth about $69,000. Finally, Palouse Capital Management Inc. purchased a new position in shares of Axcelis Technologies during the 4th quarter worth about $79,000. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Price Performance

Shares of ACLS opened at $54.72 on Monday. The company has a 50 day moving average price of $67.53 and a 200-day moving average price of $83.27. Axcelis Technologies, Inc. has a fifty-two week low of $53.67 and a fifty-two week high of $158.61. The stock has a market capitalization of $1.78 billion, a PE ratio of 8.90, a PEG ratio of 4.52 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.05 and a current ratio of 5.41.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. Equities analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ACLS shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. William Blair cut shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Craig Hallum lowered their price objective on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Axcelis Technologies presently has an average rating of “Hold” and a consensus price target of $154.00.

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.