Vanguard Group Inc. lifted its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,396,134 shares of the semiconductor company's stock after buying an additional 106,203 shares during the quarter. Vanguard Group Inc. owned about 13.52% of Axcelis Technologies worth $307,158,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Pacer Advisors Inc. lifted its position in Axcelis Technologies by 78,037.4% during the 4th quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company's stock worth $54,649,000 after acquiring an additional 781,154 shares during the last quarter. Reinhart Partners LLC. increased its stake 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 worth $72,393,000 after purchasing an additional 348,504 shares during the period. 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 purchasing an additional 313,689 shares during 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 valued at $74,069,000 after purchasing an additional 290,678 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in Axcelis Technologies in the 3rd quarter valued at approximately $13,874,000. 89.98% of the stock is owned by institutional investors.
Axcelis Technologies Stock Performance
Shares of NASDAQ ACLS traded down $2.17 during trading hours on Tuesday, reaching $42.68. The stock had a trading volume of 1,370,780 shares, compared to its average volume of 631,893. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 4.52 and a beta of 1.59. Axcelis Technologies, Inc. has a twelve month low of $40.40 and a twelve month high of $158.61. The business's fifty day moving average is $57.93 and its two-hundred day moving average is $73.26. 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 announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.
Axcelis Technologies declared that its Board of Directors has initiated a share buyback program on Wednesday, March 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 5.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on ACLS. 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. William Blair cut shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note 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. Based on data from MarketBeat.com, Axcelis Technologies presently has a consensus rating of "Hold" and a consensus target price of $154.00.
Get Our Latest Analysis on ACLS
About Axcelis Technologies
(
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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