Inceptionr LLC Buys New Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Inceptionr LLC purchased a new stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,519 shares of the semiconductor company's stock, valued at approximately $595,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its position in Axcelis Technologies by 1.5% in the 3rd quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company's stock worth $129,310,000 after buying an additional 18,101 shares during the last quarter. Reinhart Partners LLC. grew its stake in shares of Axcelis Technologies by 50.7% in the fourth quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company's stock worth $72,393,000 after acquiring an additional 348,504 shares during the period. Geode Capital Management LLC raised its holdings in shares of Axcelis Technologies by 3.3% during the third quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company's stock valued at $91,708,000 after purchasing an additional 28,141 shares during the last quarter. Boston Trust Walden Corp lifted its position in Axcelis Technologies by 61.9% during the fourth quarter. Boston Trust Walden Corp now owns 820,116 shares of the semiconductor company's stock valued at $57,302,000 after purchasing an additional 313,689 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Axcelis Technologies by 78,037.4% in 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. 89.98% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Craig Hallum reduced their price objective on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Finally, William Blair cut Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $154.00.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS traded down $2.37 during trading on Tuesday, hitting $57.60. The company had a trading volume of 747,290 shares, compared to its average volume of 671,346. Axcelis Technologies, Inc. has a 12 month low of $53.67 and a 12 month high of $158.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.05 and a current ratio of 5.41. The firm has a market capitalization of $1.85 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 4.52 and a beta of 1.62. The stock has a 50 day simple moving average of $65.95 and a 200 day simple moving average of $80.89.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its earnings results on Monday, February 10th. The semiconductor company reported $1.54 EPS 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%. As a group, analysts anticipate that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

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.