Primecap Management Co. CA cut its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 916,426 shares of the semiconductor company's stock after selling 58,010 shares during the quarter. Primecap Management Co. CA owned about 2.82% of Axcelis Technologies worth $64,031,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC increased its stake in shares of Axcelis Technologies by 90.6% in the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 173 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Axcelis Technologies by 1,153.8% during the 4th 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. Capital Advisors Ltd. LLC grew its holdings in shares of Axcelis Technologies by 1,415.2% during the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 467 shares during the period. Blue Trust Inc. grew its holdings in shares of Axcelis Technologies by 85.5% during the 4th 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. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Axcelis Technologies by 184.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock worth $47,000 after purchasing an additional 433 shares during the period. 89.98% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. 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 reiterated a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Finally, Craig Hallum cut their price target 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $154.00.
Read Our Latest Analysis on ACLS
Axcelis Technologies Stock Down 1.4 %
Shares of ACLS stock traded down $0.82 during trading hours on Friday, reaching $55.90. 1,531,725 shares of the stock were exchanged, compared to its average volume of 603,719. The business's fifty day moving average is $63.42 and its two-hundred day moving average is $78.01. 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, Inc. has a 12-month low of $53.67 and a 12-month high of $158.61. The firm has a market capitalization of $1.80 billion, a P/E ratio of 9.09, a P/E/G ratio of 4.52 and a beta of 1.62.
Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings results 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%. As a group, research analysts expect 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 stock buyback plan on Wednesday, March 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are usually 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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