Empowered Funds LLC Takes $465,000 Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Empowered Funds LLC purchased a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,655 shares of the semiconductor company's stock, valued at approximately $465,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Avior Wealth Management LLC raised its stake 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 purchasing an additional 450 shares during the period. Blue Trust Inc. boosted its holdings in Axcelis Technologies by 85.5% in the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock valued at $44,000 after acquiring an additional 289 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Axcelis Technologies during the third quarter worth about $69,000. KBC Group NV raised its holdings in shares of Axcelis Technologies by 46.8% in the 4th quarter. KBC Group NV now owns 1,371 shares of the semiconductor company's stock worth $96,000 after purchasing an additional 437 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Axcelis Technologies by 11.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company's stock valued at $112,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

Axcelis Technologies Stock Down 2.1 %

NASDAQ:ACLS traded down $1.38 on Friday, reaching $63.11. The stock had a trading volume of 460,275 shares, compared to its average volume of 743,450. The company has a 50-day moving average of $69.08 and a 200 day moving average of $85.74. The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.05 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 4.61 and a beta of 1.52. Axcelis Technologies, Inc. has a 12-month low of $56.32 and a 12-month high of $158.61.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 EPS 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%. On average, research analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ACLS. William Blair downgraded shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Benchmark cut shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Finally, Craig Hallum cut their price objective 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.