Quantbot Technologies LP Acquires New Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Quantbot Technologies LP bought a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,750 shares of the semiconductor company's stock, valued at approximately $2,638,000. Quantbot Technologies LP owned approximately 0.12% of Axcelis Technologies as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Pacer Advisors Inc. increased its stake in Axcelis Technologies by 78,037.4% in the 4th quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company's stock valued at $54,649,000 after buying an additional 781,154 shares during the last quarter. Reinhart Partners LLC. grew 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 valued at $72,393,000 after acquiring an additional 348,504 shares in the last quarter. Boston Trust Walden Corp increased its position in shares of Axcelis Technologies by 61.9% during the fourth quarter. Boston Trust Walden Corp now owns 820,116 shares of the semiconductor company's stock valued at $57,302,000 after acquiring an additional 313,689 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of Axcelis Technologies during the third quarter valued at approximately $13,874,000. Finally, 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 during the period. Hedge funds and other institutional investors own 89.98% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ACLS. Craig Hallum decreased their target price on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Finally, William Blair cut shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $154.00.

Axcelis Technologies Stock Performance

ACLS traded down $1.79 during trading hours on Thursday, hitting $53.78. The stock had a trading volume of 363,507 shares, compared to its average volume of 601,698. Axcelis Technologies, Inc. has a 1 year low of $53.67 and a 1 year high of $158.61. The company's fifty day simple moving average is $62.60 and its 200 day simple moving average is $76.95. The stock has a market cap of $1.73 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 4.52 and a beta of 1.62. 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 posted its earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, topping 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%. Equities analysts anticipate that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Axcelis Technologies announced that its board has initiated a share repurchase plan on Wednesday, March 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 5.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

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.