Strategic Financial Concepts LLC Invests $727,000 in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Strategic Financial Concepts LLC acquired a new stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,411 shares of the semiconductor company's stock, valued at approximately $727,000.

Other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its holdings in Axcelis Technologies by 1,153.8% in the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 450 shares in the last quarter. Blue Trust Inc. boosted its holdings in Axcelis Technologies by 85.5% in the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock worth $44,000 after acquiring an additional 289 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Axcelis Technologies in the third quarter worth about $69,000. KBC Group NV boosted its holdings in Axcelis Technologies by 30.3% in the third quarter. KBC Group NV now owns 934 shares of the semiconductor company's stock worth $98,000 after acquiring an additional 217 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Axcelis Technologies by 11.9% in the third quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company's stock worth $112,000 after acquiring an additional 114 shares in the last quarter. Institutional investors own 89.98% of the company's stock.

Axcelis Technologies Stock Performance

ACLS stock traded down $0.92 during trading on Friday, hitting $61.06. 554,212 shares of the company traded hands, compared to its average volume of 501,438. The stock's 50-day simple moving average is $70.13 and its 200 day simple moving average is $86.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. The company has a market cap of $1.99 billion, a PE ratio of 9.03, a P/E/G ratio of 2.39 and a beta of 1.52. Axcelis Technologies, Inc. has a 1 year low of $56.32 and a 1 year high of $158.61.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a return on equity of 24.16% and a net margin of 20.65%. On average, equities analysts expect that Axcelis Technologies, Inc. will post 5.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ACLS shares. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a report on Wednesday. William Blair downgraded Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday. Craig Hallum lowered their price target on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Finally, Benchmark downgraded Axcelis Technologies from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $154.00.

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.