Bryce Point Capital LLC Takes Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Bryce Point Capital LLC acquired a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,680 shares of the semiconductor company's stock, valued at approximately $467,000.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its position in Axcelis Technologies by 90.6% in the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 173 shares in the last quarter. Avior Wealth Management LLC lifted its position 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 worth $34,000 after acquiring an additional 450 shares during the last quarter. Capital Advisors Ltd. LLC boosted 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 valued at $35,000 after acquiring an additional 467 shares during the period. 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 acquiring an additional 289 shares during the period. Finally, Smartleaf Asset Management LLC increased 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 period. Institutional investors own 89.98% of the company's stock.

Remove Ads

Axcelis Technologies Stock Down 8.7 %

ACLS stock traded down $4.25 during trading on Thursday, reaching $44.65. 258,151 shares of the stock were exchanged, compared to its average volume of 633,341. 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, Inc. has a twelve month low of $40.40 and a twelve month high of $158.61. The firm's 50 day moving average is $57.12 and its 200 day moving average is $72.72. The firm has a market cap of $1.44 billion, a P/E ratio of 7.24, a price-to-earnings-growth ratio of 4.52 and a beta of 1.59.

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, topping 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%. As a group, research analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Axcelis Technologies announced that its board has initiated a stock buyback program 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 stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ACLS. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Craig Hallum decreased their price objective on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Finally, William Blair cut 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 assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $154.00.

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.