Connor Clark & Lunn Investment Management Ltd. cut its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 53.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,376 shares of the semiconductor company's stock after selling 38,645 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of Axcelis Technologies worth $2,332,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of ACLS. Avior Wealth Management LLC lifted its stake in 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 lifted its position in shares of Axcelis Technologies by 1,415.2% in the fourth quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 467 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Axcelis Technologies by 85.5% in the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 289 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Axcelis Technologies by 184.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock worth $47,000 after purchasing an additional 433 shares in the last quarter. 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 hedge funds and other institutional investors.
Axcelis Technologies Stock Down 1.4 %
ACLS traded down $0.82 during midday trading on Friday, hitting $55.90. 1,531,725 shares of the company's stock traded hands, compared to its average volume of 603,719. Axcelis Technologies, Inc. has a one year low of $53.67 and a one year high of $158.61. 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's fifty day simple moving average is $63.42 and its 200-day simple moving average is $78.01. The company has a market cap of $1.80 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 4.52 and a beta of 1.62.
Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings results 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 return on equity of 21.02% and a net margin of 19.75%. As a group, equities analysts anticipate that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.
Axcelis Technologies declared that its Board of Directors has approved a stock 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 reacquire up to 5.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. Craig Hallum reduced their price target 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, William Blair lowered shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Axcelis Technologies has a consensus rating of "Hold" and an average price target of $154.00.
Check Out 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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