SEC Filings On Watch: Adirondack Research & Management INC Lowered Its Axcelis Technologies INC (ACLS) Stake by $16.16 Million

SEC Filings On Watch: Adirondack Research & Management INC Lowered Its Axcelis Technologies INC (ACLS) Stake by $16.16 Million

Adirondack Research & Management Inc decreased its stake in Axcelis Technologies Inc (ACLS) by 74.78% based on its latest 2016Q3 regulatory filing with the SEC. Adirondack Research & Management Inc sold 1.24M shares as the company’s stock declined 69.62% while stock markets rallied. The institutional investor held 419,238 shares of the technology company at the end of 2016Q3, valued at $5.57 million, down from 1.66M at the end of the previous reported quarter. Adirondack Research & Management Inc who had been investing in Axcelis Technologies Inc for a number of months, seems to be less bullish one the $443.62M market cap company. The stock increased 1.36% or $0.2 during the last trading session, hitting $14.9. Axcelis Technologies Inc (NASDAQ:ACLS) has risen 33.99% since June 7, 2016 and is uptrending. It has outperformed by 26.57% the S&P500.

Adirondack Research & Management Inc is a New York-based institutional investor with more than $287.86 million AUM in April, 2014. Taken from Adirondack Research & Management latest Adv, the fund reported to have 5 full and part-time employees. Among which 2 performing investment advisory and research functions. The institutional investor had between 11-25 clients.

Insitutional Activity: The institutional sentiment decreased to 0.01 in Q3 2016. Its down 0.54, from 0.55 in 2016Q2. The ratio turned negative, as 68 funds sold all ACLS shares owned while 1 reduced positions. 1 funds bought stakes while 0 increased positions. They now own 419,923 shares or 99.03% less from 43.44 million shares in 2016Q2. Adirondack And Mngmt last reported 419,238 shares in the company. Salem Investment Counselors Inc reported 685 shares or 0% of all its holdings.

Insider Transactions: Since August 5, 2016, the stock had 1 buy, and 2 selling transactions for $347,868 net activity. $308,485 worth of Axcelis Technologies Inc (NASDAQ:ACLS) shares were sold by Bintz William J. George Arthur L Jr had bought 5,000 shares worth $56,207 on Friday, August 5. 7,000 shares with value of $95,590 were sold by Lundberg Barbara J on Monday, December 12.

Analysts await Axcelis Technologies Inc (NASDAQ:ACLS) to report earnings on February, 7. They expect $0.06 EPS, up 50.00% or $0.02 from last year’s $0.04 per share. ACLS’s profit will be $1.79M for 62.08 P/E if the $0.06 EPS becomes a reality. After $0.07 actual EPS reported by Axcelis Technologies Inc for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.

More important recent Axcelis Technologies Inc (NASDAQ:ACLS) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on November 11, 2010, also Prnewswire.com published article titled: “Axcelis Technologies to Ring NASDAQ Market Opening Bell on October 4, 2016”, Fool.com published: “Axcelis Technologies Inc. Stock Plunges on Weak Outlook” on November 05, 2015. More interesting news about Axcelis Technologies Inc (NASDAQ:ACLS) was released by: Quotes.Wsj.com and their article: “News Axcelis Technologies Inc.ACLS” with publication date: February 11, 2011.

According to Zacks Investment Research, “Axcelis Technologies is a leading producer of ion implantation equipment used in the fabrication of semiconductors. The company also produces dry strip, photostabilization and rapid thermal processing equipment, which is used in semiconductor manufacturing primarily before and after the ion implantation process. In addition, the company provides extensive aftermarket service and support, including spare parts, equipment upgrades, maintenance services and customer training.”

Axcelis Technologies Inc (NASDAQ:ACLS) Ratings Coverage

Out of 3 analysts covering Axcelis Technologies (NASDAQ:ACLS), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Axcelis Technologies has been the topic of 4 analyst reports since August 8, 2015 according to StockzIntelligence Inc. The rating was upgraded by TheStreet on Saturday, August 8 to “Hold”. TheStreet downgraded Axcelis Technologies Inc (NASDAQ:ACLS) on Tuesday, September 22 to “Hold” rating. The rating was maintained by Benchmark with “Buy” on Thursday, November 5. The firm has “Buy” rating by Needham given on Wednesday, October 5.

ACLS Company Profile

Axcelis Technologies, Inc. (Axcelis), incorporated on December 21, 1995, designs, makes and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Firm operates through the manufacture of capital equipment for the semiconductor manufacturing industry segment. The Firm sells its equipment to semiconductor chip manufacturers across the world. In addition to equipment, it provides aftermarket lifecycle services and products, including used tools, spare parts, equipment upgrades, maintenance services and customer training. The Firm offers a line of high energy, high current and medium current implanters for various application requirements. The Company’s other products include legacy dry strip equipment, curing systems and thermal processing systems.

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