Four Tree Island Advisory LLC Makes New $1.03 Million Investment in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Four Tree Island Advisory LLC bought a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,791 shares of the semiconductor company's stock, valued at approximately $1,033,000. Axcelis Technologies comprises approximately 0.7% of Four Tree Island Advisory LLC's holdings, making the stock its 16th biggest holding.

A number of other large investors also recently bought and sold shares of the stock. Avior Wealth Management LLC increased 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. increased its stake 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 purchasing an additional 289 shares during the period. Truvestments Capital LLC purchased a new stake in Axcelis Technologies during the third quarter worth about $69,000. KBC Group NV increased its stake in shares of Axcelis Technologies by 46.8% during the fourth quarter. KBC Group NV now owns 1,371 shares of the semiconductor company's stock worth $96,000 after buying an additional 437 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Axcelis Technologies by 37.2% during the third quarter. GAMMA Investing LLC now owns 999 shares of the semiconductor company's stock worth $105,000 after buying an additional 271 shares during the period. Institutional investors and hedge funds own 89.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ACLS shares. Benchmark lowered shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Craig Hallum cut their target price on shares of Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday. Finally, William Blair lowered shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Axcelis Technologies presently has an average rating of "Hold" and an average target price of $154.00.

Axcelis Technologies Stock Up 3.1 %

ACLS traded up $1.84 on Thursday, reaching $61.98. The company's stock had a trading volume of 952,477 shares, compared to its average volume of 669,029. The stock has a 50 day moving average of $70.62 and a two-hundred day moving average of $87.81. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 2.39 and a beta of 1.52. Axcelis Technologies, Inc. has a fifty-two week low of $56.32 and a fifty-two week high of $158.61.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.29. Axcelis Technologies had a return on equity of 24.16% and a net margin of 20.65%. As a group, analysts forecast that Axcelis Technologies, Inc. will post 5.86 EPS for the current fiscal year.

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.