18,088 Shares in Axcelis Technologies, Inc. (NASDAQ:ACLS) Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. bought a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 18,088 shares of the semiconductor company's stock, valued at approximately $1,264,000. Rockefeller Capital Management L.P. owned 0.06% of Axcelis Technologies as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ACLS. Signaturefd LLC increased its stake in Axcelis Technologies by 90.6% in the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 173 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Axcelis Technologies by 1,153.8% in the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock valued at $34,000 after buying an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake 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 buying an additional 467 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Axcelis Technologies by 85.5% in the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock worth $44,000 after buying an additional 289 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Axcelis Technologies by 184.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock valued at $47,000 after acquiring an additional 433 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

Axcelis Technologies Trading Up 6.4 %

Shares of NASDAQ ACLS traded up $2.96 on Thursday, reaching $48.90. 816,718 shares of the company traded hands, compared to its average volume of 637,330. The stock has a market capitalization of $1.57 billion, a PE ratio of 7.95, a P/E/G ratio of 4.52 and a beta of 1.59. 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 current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $53.50 and a 200 day moving average of $68.97.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.29. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. On average, equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Axcelis Technologies announced that its board has initiated a share buyback program on Wednesday, March 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the semiconductor company to buy up to 5.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

ACLS has been the topic of several recent research reports. B. Riley reaffirmed a "neutral" rating and issued a $50.00 price target (down previously from $80.00) on shares of Axcelis Technologies in a report on Monday. Craig Hallum lowered their target price on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Finally, William Blair cut Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Axcelis Technologies currently has an average rating of "Hold" and a consensus price target of $131.00.

About Axcelis Technologies

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.