Royce & Associates LP Has $23.30 Million Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Royce & Associates LP boosted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 333,426 shares of the semiconductor company's stock after purchasing an additional 59,755 shares during the period. Royce & Associates LP owned 1.03% of Axcelis Technologies worth $23,296,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC grew its holdings in shares of Axcelis Technologies by 1,153.8% during the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock valued at $34,000 after buying an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in 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 acquiring an additional 467 shares during the period. Blue Trust Inc. grew its stake in Axcelis Technologies by 85.5% during the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock valued at $44,000 after acquiring an additional 289 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Axcelis Technologies by 184.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 433 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in shares of Axcelis Technologies in the third quarter worth approximately $69,000. 89.98% of the stock is owned by institutional investors and hedge funds.

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Axcelis Technologies Stock Down 1.2 %

ACLS stock traded down $0.66 during trading hours on Thursday, hitting $56.72. The company's stock had a trading volume of 405,749 shares, compared to its average volume of 599,683. The stock has a 50 day moving average price of $64.02 and a two-hundred day moving average price of $78.53. Axcelis Technologies, Inc. has a 12 month low of $53.67 and a 12 month high of $158.61. The company has a market capitalization of $1.82 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 4.52 and a beta of 1.62. The company has a quick ratio of 4.05, a current ratio of 5.41 and a debt-to-equity ratio of 0.04.

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

Axcelis Technologies announced that its Board of Directors has initiated a share repurchase program on Wednesday, March 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages recently commented on ACLS. Craig Hallum lowered their price objective on shares of Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Finally, William Blair downgraded shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Axcelis Technologies currently has a consensus rating of "Hold" and an average target price of $154.00.

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.