Private Advisor Group LLC Acquires New Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Private Advisor Group LLC acquired a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,065 shares of the semiconductor company's stock, valued at approximately $424,000.

A number of other large investors have also added to or reduced their stakes in ACLS. Pacer Advisors Inc. grew its holdings in shares of 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. Reinhart Partners LLC. boosted its position in Axcelis Technologies by 50.7% during the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company's stock valued at $72,393,000 after acquiring an additional 348,504 shares in the last quarter. Boston Trust Walden Corp grew its holdings in shares of Axcelis Technologies by 61.9% during the 4th quarter. Boston Trust Walden Corp now owns 820,116 shares of the semiconductor company's stock worth $57,302,000 after acquiring an additional 313,689 shares during the period. Royce & Associates LP raised 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 worth $28,694,000 after acquiring an additional 167,235 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in shares of Axcelis Technologies in the 3rd quarter valued at approximately $13,874,000. Hedge funds and other institutional investors own 89.98% of the company's stock.

Remove Ads

Axcelis Technologies Stock Performance

NASDAQ:ACLS traded up $1.26 on Friday, hitting $60.14. The stock had a trading volume of 337,045 shares, compared to its average volume of 660,930. The business's 50-day simple moving average is $66.36 and its two-hundred day simple moving average is $82.08. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52. Axcelis Technologies, Inc. has a 52-week low of $53.67 and a 52-week high of $158.61. The company has a quick ratio of 4.05, a current ratio of 5.41 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 the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. As a group, research analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on ACLS shares. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. William Blair cut Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Craig Hallum dropped 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. Finally, Benchmark downgraded Axcelis Technologies from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $154.00.

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.