Boston Partners Has $23.10 Million Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Boston Partners lifted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 34.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 330,073 shares of the semiconductor company's stock after purchasing an additional 84,481 shares during the period. Boston Partners owned approximately 1.02% of Axcelis Technologies worth $23,095,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ACLS. Signaturefd LLC lifted its holdings in shares of 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 in the last quarter. Avior Wealth Management LLC increased its holdings in Axcelis Technologies by 1,153.8% in the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock worth $34,000 after buying an additional 450 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in 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 acquiring an additional 467 shares in the last quarter. Blue Trust Inc. increased its position in 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 buying an additional 289 shares during the last quarter. Finally, 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 buying an additional 433 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

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Axcelis Technologies Stock Performance

Shares of ACLS stock traded down $1.40 during trading hours on Tuesday, reaching $56.15. 335,596 shares of the company's stock were exchanged, compared to its average volume of 603,785. Axcelis Technologies, Inc. has a fifty-two week low of $53.67 and a fifty-two week high of $158.61. The company has a quick ratio of 4.05, a current ratio of 5.41 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.81 billion, a P/E ratio of 9.13, a P/E/G ratio of 4.52 and a beta of 1.62. The business has a fifty day moving average price of $63.19 and a 200-day moving average price of $77.39.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released 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 net margin of 19.75% and a return on equity of 21.02%. Analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies declared that its board has approved a stock repurchase plan on Wednesday, March 12th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the semiconductor company to buy up to 5.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

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

About Axcelis Technologies

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.