Invesco Ltd. Sells 5,713 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Invesco Ltd. decreased its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 131,122 shares of the semiconductor company's stock after selling 5,713 shares during the quarter. Invesco Ltd. owned approximately 0.40% of Axcelis Technologies worth $9,161,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ACLS. Signaturefd LLC lifted its holdings in Axcelis Technologies by 90.6% during the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock worth $25,000 after buying an additional 173 shares in the last quarter. Avior Wealth Management LLC lifted its stake in shares of Axcelis Technologies by 1,153.8% in 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 during the period. Capital Advisors Ltd. LLC lifted its stake in shares of Axcelis Technologies by 1,415.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 467 shares during the period. Blue Trust Inc. lifted its stake in shares of Axcelis Technologies by 85.5% in 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 during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Axcelis Technologies by 184.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 433 shares during the period. Institutional investors and hedge funds own 89.98% of the company's stock.

Axcelis Technologies Stock Performance

NASDAQ ACLS traded down $0.21 on Tuesday, reaching $48.39. The stock had a trading volume of 37,453 shares, compared to its average volume of 635,673. The company has a market cap of $1.56 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 4.52 and a beta of 1.59. Axcelis Technologies, Inc. has a 1-year low of $40.40 and a 1-year high of $158.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05. The firm has a fifty day moving average of $52.69 and a two-hundred day moving average of $67.49.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its 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, equities research analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current 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.

Wall Street Analyst Weigh In

Several research firms have weighed in on ACLS. Craig Hallum reduced their target price on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. William Blair lowered Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. B. Riley reiterated a "neutral" rating and set a $50.00 target price (down from $80.00) on shares of Axcelis Technologies in a report on Monday, April 21st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $131.00.

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.