LPL Financial LLC grew its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 36.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,834 shares of the semiconductor company's stock after buying an additional 16,152 shares during the period. LPL Financial LLC owned 0.19% of Axcelis Technologies worth $4,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC increased its stake in Axcelis Technologies by 90.6% during the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 173 shares during the last quarter. Blue Trust Inc. increased its position in shares of Axcelis Technologies by 85.5% during the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock worth $44,000 after acquiring an additional 289 shares during the period. Thrivent Financial for Lutherans raised its position in Axcelis Technologies by 1.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 28,623 shares of the semiconductor company's stock valued at $2,054,000 after purchasing an additional 383 shares in the last quarter. Smartleaf Asset Management LLC lifted 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 worth $47,000 after buying an additional 433 shares during the period. Finally, KBC Group NV grew its position in shares of Axcelis Technologies by 46.8% during the 4th quarter. KBC Group NV now owns 1,371 shares of the semiconductor company's stock worth $96,000 after buying an additional 437 shares in the last quarter. Institutional investors own 89.98% of the company's stock.
Axcelis Technologies Stock Down 0.4 %
Axcelis Technologies stock traded down $0.17 during midday trading on Tuesday, reaching $47.31. The company's stock had a trading volume of 45,685 shares, compared to its average volume of 634,643. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05. The stock has a market capitalization of $1.52 billion, a P/E ratio of 7.70, a PEG ratio of 4.52 and a beta of 1.59. The stock's 50-day simple moving average is $55.94 and its 200-day simple moving average is $71.26. Axcelis Technologies, Inc. has a 52-week low of $40.40 and a 52-week high of $158.61.
Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, beating 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, sell-side analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.
Axcelis Technologies declared that its Board of Directors has initiated a share buyback program on Wednesday, March 12th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the semiconductor company to reacquire up to 5.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. William Blair lowered Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Craig Hallum decreased their price objective on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $154.00.
View Our Latest Research Report on Axcelis Technologies
About Axcelis Technologies
(
Free Report)
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.
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