Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. raised its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 118.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,204 shares of the semiconductor company's stock after purchasing an additional 6,084 shares during the quarter. Bridges Investment Management Inc.'s holdings in Axcelis Technologies were worth $783,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Pacer Advisors Inc. boosted its holdings in Axcelis Technologies by 78,037.4% during the fourth quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company's stock worth $54,649,000 after purchasing an additional 781,154 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in Axcelis Technologies by 50.7% in the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company's stock valued at $72,393,000 after purchasing an additional 348,504 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of Axcelis Technologies by 61.9% during the 4th quarter. Boston Trust Walden Corp now owns 820,116 shares of the semiconductor company's stock worth $57,302,000 after acquiring an additional 313,689 shares during the period. Royce & Associates LP boosted its stake in shares of Axcelis Technologies by 157.1% in the 3rd quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company's stock valued at $28,694,000 after purchasing an additional 167,235 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Axcelis Technologies in the 3rd quarter valued at about $13,874,000. Institutional investors and hedge funds own 89.98% of the company's stock.

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Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS traded up $0.10 during trading on Thursday, reaching $58.64. 343,555 shares of the company traded hands, compared to its average volume of 659,247. The firm's fifty day simple moving average is $66.63 and its 200 day simple moving average is $82.25. The stock has a market cap of $1.91 billion, a P/E ratio of 9.52, a PEG ratio of 4.52 and a beta of 1.52. Axcelis Technologies, Inc. has a 12-month low of $53.67 and a 12-month high of $158.61. The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates 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, research analysts anticipate that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ACLS. William Blair cut shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Craig Hallum dropped their target price on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Benchmark lowered Axcelis Technologies from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $154.00.

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.