Federated Hermes Inc. Makes New $12.67 Million Investment in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Federated Hermes Inc. bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 181,261 shares of the semiconductor company's stock, valued at approximately $12,665,000. Federated Hermes Inc. owned about 0.56% of Axcelis Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in Axcelis Technologies by 78,037.4% during the 4th quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company's stock worth $54,649,000 after acquiring an additional 781,154 shares in the last quarter. Norges Bank purchased a new position in Axcelis Technologies during the 4th quarter worth approximately $36,050,000. Reinhart Partners LLC. lifted its holdings in shares of Axcelis Technologies by 50.7% during the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company's stock valued at $72,393,000 after buying an additional 348,504 shares during the last quarter. Boston Trust Walden Corp grew its holdings in Axcelis Technologies by 61.9% during the fourth quarter. Boston Trust Walden Corp now owns 820,116 shares of the semiconductor company's stock valued at $57,302,000 after purchasing an additional 313,689 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Axcelis Technologies by 37.8% in the fourth quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company's stock valued at $74,069,000 after buying an additional 290,678 shares during the period. Hedge funds and other institutional investors own 89.98% of the company's stock.

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Axcelis Technologies Trading Down 0.1 %

Shares of NASDAQ:ACLS traded down $0.06 during trading on Tuesday, reaching $47.43. The company's stock had a trading volume of 99,439 shares, compared to its average volume of 634,851. Axcelis Technologies, Inc. has a 12 month low of $40.40 and a 12 month high of $158.61. The firm's 50 day simple moving average is $55.94 and its two-hundred day simple moving average is $71.26. The stock has a market capitalization of $1.53 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 4.52 and a beta of 1.59. The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) 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%. On average, research analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies announced that its board has approved a share repurchase plan on Wednesday, March 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 5.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

ACLS has been the topic of several research reports. William Blair downgraded Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Craig Hallum reduced their target price 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. Finally, Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $154.00.

About Axcelis Technologies

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.