Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 39.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,167 shares of the semiconductor company's stock after purchasing an additional 40,879 shares during the period. Sei Investments Co. owned about 0.45% of Axcelis Technologies worth $10,143,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp lifted its holdings in Axcelis Technologies by 1.5% during the 3rd quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company's stock worth $129,310,000 after buying an additional 18,101 shares during the last quarter. American Century Companies Inc. boosted its holdings in Axcelis Technologies by 37.8% in the fourth quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company's stock valued at $74,069,000 after purchasing an additional 290,678 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in 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 purchasing an additional 348,504 shares in the last quarter. Geode Capital Management LLC raised its holdings in Axcelis Technologies by 3.3% during the third quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company's stock worth $91,708,000 after purchasing an additional 28,141 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its position 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 buying an additional 313,689 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

ACLS has been the topic of a number of recent analyst reports. Craig Hallum dropped their target price on shares of Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. William Blair lowered Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $154.00.

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS traded down $6.17 on Thursday, reaching $44.79. The company's stock had a trading volume of 896,675 shares, compared to its average volume of 619,461. Axcelis Technologies, Inc. has a 52-week low of $44.79 and a 52-week high of $158.61. The stock has a market capitalization of $1.44 billion, a P/E ratio of 7.28, a PEG ratio of 4.52 and a beta of 1.62. The stock's 50-day moving average is $60.02 and its two-hundred day moving average is $75.03. 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 (NASDAQ:ACLS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 21.02% and a net margin of 19.75%. As a group, sell-side analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

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

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.