Penbrook Management LLC Reduces Holdings in Axcelis Technologies Inc (NASDAQ:ACLS)

Penbrook Management LLC trimmed its position in shares of Axcelis Technologies Inc (NASDAQ:ACLS) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,825 shares of the semiconductor company’s stock after selling 700 shares during the quarter. Axcelis Technologies accounts for approximately 1.6% of Penbrook Management LLC’s investment portfolio, making the stock its 14th largest position. Penbrook Management LLC owned 0.27% of Axcelis Technologies worth $1,484,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACLS. Tyers Asset Management LLC boosted its stake in shares of Axcelis Technologies by 17.3% during the second quarter. Tyers Asset Management LLC now owns 5,536 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 816 shares during the period. Arizona State Retirement System boosted its stake in shares of Axcelis Technologies by 1.7% during the second quarter. Arizona State Retirement System now owns 51,100 shares of the semiconductor company’s stock valued at $769,000 after purchasing an additional 873 shares during the period. Elkfork Partners LLC boosted its stake in shares of Axcelis Technologies by 17.3% during the second quarter. Elkfork Partners LLC now owns 7,612 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 1,122 shares during the period. Meadow Creek Investment Management LLC boosted its stake in shares of Axcelis Technologies by 17.3% during the second quarter. Meadow Creek Investment Management LLC now owns 9,688 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 1,428 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its stake in shares of Axcelis Technologies by 17.3% during the second quarter. Glen Harbor Capital Management LLC now owns 11,764 shares of the semiconductor company’s stock valued at $177,000 after purchasing an additional 1,734 shares during the period. 82.20% of the stock is owned by institutional investors.

ACLS has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, Northland Securities set a $15.00 target price on shares of Axcelis Technologies and gave the company a “hold” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Axcelis Technologies presently has a consensus rating of “Hold” and a consensus target price of $23.00.

NASDAQ:ACLS opened at $17.99 on Friday. Axcelis Technologies Inc has a 1-year low of $13.99 and a 1-year high of $22.99. The company has a 50-day moving average of $16.79 and a 200 day moving average of $17.01. The firm has a market cap of $581.62 million, a PE ratio of 13.73 and a beta of 1.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.63 and a quick ratio of 4.04.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.05. Axcelis Technologies had a net margin of 6.52% and a return on equity of 5.53%. The company had revenue of $74.31 million during the quarter, compared to analyst estimates of $75.00 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was down 37.7% compared to the same quarter last year. Sell-side analysts anticipate that Axcelis Technologies Inc will post 0.4 EPS for the current fiscal year.

In other news, EVP Douglas A. Lawson bought 3,000 shares of Axcelis Technologies stock in a transaction on Wednesday, August 21st. The stock was acquired at an average cost of $15.05 per share, for a total transaction of $45,150.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.72% of the company’s stock.

About Axcelis Technologies

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides curing systems and thermal processing systems.

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Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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