Victory Capital Management Inc. Sells 11,588 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Victory Capital Management Inc. decreased its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 39.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,529 shares of the semiconductor company's stock after selling 11,588 shares during the period. Victory Capital Management Inc. owned 0.05% of Axcelis Technologies worth $1,225,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC raised its stake in Axcelis Technologies by 1,153.8% in the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in Axcelis Technologies by 1,415.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 467 shares in the last quarter. Blue Trust Inc. raised its stake in Axcelis Technologies by 85.5% in the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 289 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Axcelis Technologies by 184.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock worth $47,000 after purchasing an additional 433 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Axcelis Technologies in the 3rd quarter worth about $69,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Remove Ads

Axcelis Technologies Trading Down 1.4 %

ACLS traded down $0.82 during trading on Friday, reaching $55.90. 1,531,725 shares of the company's stock were exchanged, compared to its average volume of 604,629. Axcelis Technologies, Inc. has a one year low of $53.67 and a one year 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 capitalization of $1.80 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 4.52 and a beta of 1.62. The firm has a fifty day moving average price of $63.42 and a two-hundred day moving average price of $77.85.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, topping 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, equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Axcelis Technologies announced that its board has approved a share buyback 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 generally an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

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

Axcelis Technologies Company 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.