Invesco Ltd. Sells 5,713 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Invesco Ltd. decreased its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 131,122 shares of the semiconductor company's stock after selling 5,713 shares during the quarter. Invesco Ltd. owned 0.40% of Axcelis Technologies worth $9,161,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC raised 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 in the last quarter. Avior Wealth Management LLC grew its position in Axcelis Technologies by 1,153.8% during the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 450 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in Axcelis Technologies by 1,415.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 467 shares during the last quarter. Blue Trust Inc. boosted its stake in 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. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Axcelis Technologies by 184.3% during 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 during the last quarter. 89.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ACLS shares. Craig Hallum dropped their price objective 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. B. Riley reiterated a "neutral" rating and issued a $50.00 target price (down from $80.00) on shares of Axcelis Technologies in a report on Monday, April 21st. William Blair downgraded Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Finally, Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $131.00.

Axcelis Technologies Stock Up 1.9 %

ACLS traded up $0.94 on Friday, hitting $49.84. 325,957 shares of the company were exchanged, compared to its average volume of 638,442. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.05 and a current ratio of 5.41. The stock's fifty day moving average is $52.99 and its 200-day moving average is $68.07. The company has a market cap of $1.60 billion, a PE ratio of 8.10, a PEG ratio of 4.52 and a beta of 1.59. Axcelis Technologies, Inc. has a 12 month low of $40.40 and a 12 month high of $158.61.

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, beating analysts' consensus estimates of $1.25 by $0.29. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. Equities research analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies announced that its board 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 stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

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.