Trexquant Investment LP increased its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 60.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,894 shares of the semiconductor company's stock after acquiring an additional 26,219 shares during the quarter. Trexquant Investment LP owned approximately 0.21% of Axcelis Technologies worth $4,883,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in Axcelis Technologies by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,396,134 shares of the semiconductor company's stock worth $307,158,000 after buying an additional 106,203 shares in the last quarter. State Street Corp lifted its holdings in Axcelis Technologies by 1.5% in the 3rd quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company's stock valued at $129,310,000 after purchasing an additional 18,101 shares in the last quarter. American Century Companies Inc. boosted its stake in Axcelis Technologies by 37.8% during the 4th quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company's stock worth $74,069,000 after purchasing an additional 290,678 shares during the last quarter. Reinhart Partners LLC. raised its position 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 buying an additional 348,504 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Axcelis Technologies by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 897,750 shares of the semiconductor company's stock worth $62,738,000 after buying an additional 23,234 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.
Axcelis Technologies Trading Down 9.1 %
NASDAQ:ACLS traded down $4.43 on Thursday, reaching $44.47. 215,591 shares of the company's stock were exchanged, compared to its average volume of 633,143. The business has a fifty day moving average of $57.12 and a 200-day moving average of $72.72. 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, Inc. has a 52-week low of $40.40 and a 52-week high of $158.61. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of 4.52 and a beta of 1.59.
Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its quarterly earnings results 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 net margin of 19.75% and a return on equity of 21.02%. As a group, analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.
Axcelis Technologies declared that its Board of Directors has initiated a share repurchase program on Wednesday, March 12th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the semiconductor company to reacquire up to 5.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.
Analyst Ratings Changes
ACLS has been the subject of several research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Craig Hallum cut 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, William Blair lowered Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $154.00.
Read Our Latest Report on Axcelis Technologies
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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