Strategic Financial Concepts LLC bought a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,411 shares of the semiconductor company's stock, valued at approximately $727,000.
A number of other hedge funds have also modified their holdings of the stock. Avior Wealth Management LLC increased its holdings in Axcelis Technologies by 1,153.8% during the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 450 shares in the last quarter. Blue Trust Inc. increased its holdings in Axcelis Technologies by 85.5% during the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 289 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Axcelis Technologies during the 3rd quarter valued at $69,000. KBC Group NV increased its holdings in Axcelis Technologies by 46.8% during the 4th quarter. KBC Group NV now owns 1,371 shares of the semiconductor company's stock valued at $96,000 after purchasing an additional 437 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Axcelis Technologies by 11.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company's stock valued at $112,000 after buying an additional 114 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.
Axcelis Technologies Trading Down 2.1 %
Shares of NASDAQ:ACLS traded down $1.38 during midday trading on Friday, hitting $63.11. The company had a trading volume of 460,275 shares, compared to its average volume of 743,450. Axcelis Technologies, Inc. has a 12 month low of $56.32 and a 12 month 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 stock has a market cap of $2.05 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 4.61 and a beta of 1.52. The firm has a fifty day simple moving average of $69.08 and a 200 day simple moving average of $85.74.
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 (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%. On average, analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts have commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. William Blair lowered Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Benchmark lowered Axcelis Technologies from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Finally, Craig Hallum decreased their price objective on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $154.00.
Get Our Latest Research Report on ACLS
Axcelis Technologies Company Profile
(
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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