Charles Schwab Investment Management Inc. Grows Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Charles Schwab Investment Management Inc. boosted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 369,936 shares of the semiconductor company's stock after acquiring an additional 22,913 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.14% of Axcelis Technologies worth $25,847,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ACLS. State Street Corp increased its position in shares of Axcelis Technologies by 1.5% during the 3rd quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company's stock valued at $129,310,000 after purchasing an additional 18,101 shares during the last quarter. Reinhart Partners LLC. increased its holdings in Axcelis Technologies by 50.7% during the fourth quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company's stock valued at $72,393,000 after buying an additional 348,504 shares during the last quarter. Geode Capital Management LLC raised its position in Axcelis Technologies by 3.3% in the third quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company's stock worth $91,708,000 after acquiring an additional 28,141 shares during the period. Boston Trust Walden Corp boosted its stake 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 last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Axcelis Technologies by 78,037.4% during the 4th quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company's stock valued at $54,649,000 after acquiring an additional 781,154 shares during the period. Institutional investors own 89.98% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ACLS shares. Craig Hallum lowered 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. Finally, William Blair downgraded Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $154.00.

Axcelis Technologies Price Performance

NASDAQ ACLS traded down $0.84 during trading hours on Friday, reaching $55.88. The company's stock had a trading volume of 478,310 shares, compared to its average volume of 603,702. Axcelis Technologies, Inc. has a 1 year low of $53.67 and a 1 year 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 company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 4.52 and a beta of 1.62. The firm's 50-day moving average price is $63.69 and its 200-day moving average price is $78.38.

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 for the quarter, topping 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%. On average, equities research analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies declared that its Board of Directors has approved a share repurchase plan on Wednesday, March 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the semiconductor company to repurchase up to 5.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are 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.