Los Angeles Capital Management LLC lowered its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 61.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,597 shares of the semiconductor company's stock after selling 13,702 shares during the period. Los Angeles Capital Management LLC's holdings in Axcelis Technologies were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the stock. Van ECK Associates Corp grew its holdings in Axcelis Technologies by 40.0% during the third quarter. Van ECK Associates Corp now owns 23,751 shares of the semiconductor company's stock valued at $2,490,000 after purchasing an additional 6,786 shares during the period. Royce & Associates LP increased its position in shares of Axcelis Technologies by 157.1% in the 3rd quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company's stock valued at $28,694,000 after buying an additional 167,235 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Axcelis Technologies by 243.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 60,328 shares of the semiconductor company's stock worth $6,325,000 after buying an additional 42,779 shares during the period. FMR LLC lifted its holdings in Axcelis Technologies by 51.4% during the third quarter. FMR LLC now owns 263,332 shares of the semiconductor company's stock worth $27,610,000 after acquiring an additional 89,453 shares in the last quarter. Finally, Reinhart Partners LLC. increased its holdings 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 in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ACLS has been the subject of a number of research reports. Benchmark cut Axcelis Technologies from a "buy" rating to a "hold" rating in a report on Friday, November 8th. William Blair lowered shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Finally, Craig Hallum decreased their price objective on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a 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 company. Based on data from MarketBeat, Axcelis Technologies presently has an average rating of "Hold" and a consensus target price of $154.00.
Check Out Our Latest Stock Report on Axcelis Technologies
Axcelis Technologies Stock Performance
NASDAQ ACLS traded up $0.23 during trading on Thursday, reaching $58.77. 303,558 shares of the company's stock were exchanged, compared to its average volume of 658,272. Axcelis Technologies, Inc. has a fifty-two week low of $53.67 and a fifty-two week high of $158.61. The stock has a market capitalization of $1.91 billion, a P/E ratio of 9.53, a PEG ratio of 4.52 and a beta of 1.52. The business has a 50 day moving average price of $66.63 and a 200-day moving average price of $82.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05.
Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. Sell-side analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.
Axcelis Technologies Company Profile
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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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