Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 42.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,521 shares of the semiconductor company's stock after selling 24,713 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of Axcelis Technologies worth $2,412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Axcelis Technologies by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 4,396,134 shares of the semiconductor company's stock valued at $307,158,000 after purchasing an additional 106,203 shares during the period. State Street Corp raised its holdings in shares of Axcelis Technologies by 1.5% in the third quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company's stock valued at $129,310,000 after acquiring an additional 18,101 shares in the last quarter. American Century Companies Inc. grew its holdings in Axcelis Technologies by 37.8% during the 4th quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company's stock worth $74,069,000 after acquiring an additional 290,678 shares in the last quarter. Reinhart Partners LLC. raised its holdings in shares of Axcelis Technologies by 50.7% in the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company's stock valued at $72,393,000 after purchasing an additional 348,504 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 in the last quarter. 89.98% of the stock is owned by institutional investors.

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Axcelis Technologies Stock Performance

NASDAQ ACLS traded down $2.37 on Friday, reaching $42.42. 1,415,433 shares of the company's stock traded hands, compared to its average volume of 623,049. Axcelis Technologies, Inc. has a fifty-two week low of $40.40 and a fifty-two week 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 cap of $1.36 billion, a price-to-earnings ratio of 6.90, a P/E/G ratio of 4.52 and a beta of 1.62. The stock has a 50 day moving average price of $59.45 and a 200-day moving average price of $74.29.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued 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 return on equity of 21.02% and a net margin of 19.75%. Equities research analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies declared that its Board of Directors has approved a share repurchase plan on Wednesday, March 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the semiconductor company to buy up to 5.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have recently commented on ACLS. William Blair lowered Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Craig Hallum decreased their target price on shares of 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, Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $154.00.

Axcelis Technologies 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.