Intech Investment Management LLC lifted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 121.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,577 shares of the semiconductor company's stock after purchasing an additional 13,483 shares during the period. Intech Investment Management LLC owned about 0.08% of Axcelis Technologies worth $1,717,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Signaturefd LLC lifted its holdings in Axcelis Technologies by 90.6% during the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock worth $25,000 after buying an additional 173 shares during the last quarter. KBC Group NV raised its position in shares of Axcelis Technologies by 30.3% during the 3rd quarter. KBC Group NV now owns 934 shares of the semiconductor company's stock valued at $98,000 after acquiring an additional 217 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Axcelis Technologies by 27.6% in the third quarter. Advisors Asset Management Inc. now owns 1,293 shares of the semiconductor company's stock worth $136,000 after purchasing an additional 280 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 valued at $44,000 after purchasing an additional 289 shares during the last quarter. Finally, Kensington Investment Counsel LLC raised its holdings in shares of Axcelis Technologies by 14.8% during the third quarter. Kensington Investment Counsel LLC now owns 2,313 shares of the semiconductor company's stock worth $243,000 after purchasing an additional 299 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently commented on ACLS shares. Craig Hallum decreased their price target on shares of Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $154.00.
Get Our Latest Research Report on Axcelis Technologies
Axcelis Technologies Stock Performance
Axcelis Technologies stock traded down $0.58 during midday trading on Wednesday, reaching $55.57. 446,092 shares of the stock traded hands, compared to its average volume of 602,090. The firm has a fifty day moving average price of $62.92 and a two-hundred day moving average price of $77.10. Axcelis Technologies, Inc. has a fifty-two week low of $53.67 and a fifty-two week high of $158.61. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 4.52 and a beta of 1.62. 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 (NASDAQ:ACLS - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, topping 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, equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.
Axcelis Technologies declared that its Board of Directors has initiated a share buyback plan on Wednesday, March 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 5.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
About Axcelis Technologies
(
Free Report)
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.
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