BlackBarn Capital Partners LP Takes Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

BlackBarn Capital Partners LP acquired a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,997 shares of the semiconductor company's stock, valued at approximately $3,913,000. Axcelis Technologies makes up 0.2% of BlackBarn Capital Partners LP's portfolio, making the stock its 14th largest holding. BlackBarn Capital Partners LP owned approximately 0.17% of Axcelis Technologies as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ACLS. Signaturefd LLC raised its position in Axcelis Technologies by 90.6% in the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 173 shares during the period. Avior Wealth Management LLC grew its stake in shares of Axcelis Technologies by 1,153.8% in 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 raised its holdings in shares of Axcelis Technologies by 1,415.2% during the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock valued at $35,000 after buying an additional 467 shares during the period. Blue Trust Inc. lifted its position in Axcelis Technologies by 85.5% during the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock worth $44,000 after acquiring an additional 289 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in 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 acquiring an additional 433 shares during the period. Hedge funds and other institutional investors own 89.98% of the company's stock.

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS traded up $0.94 during trading on Friday, reaching $49.84. 325,957 shares of the company's stock traded hands, compared to its average volume of 637,602. The stock has a market capitalization of $1.60 billion, a P/E ratio of 8.10, a price-to-earnings-growth 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. The company has a 50 day moving average of $53.26 and a 200-day moving average of $68.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05.

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, 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%. On average, equities analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ACLS. William Blair lowered shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. B. Riley reiterated a "neutral" rating and set a $50.00 target price (down from $80.00) on shares of Axcelis Technologies in a research note on Monday. Finally, Craig Hallum dropped 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 note on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $131.00.

Axcelis Technologies 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.