BNP Paribas Financial Markets lifted its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 305.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,290 shares of the semiconductor company's stock after purchasing an additional 87,602 shares during the period. BNP Paribas Financial Markets owned about 0.36% of Axcelis Technologies worth $8,125,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of ACLS. Pacer Advisors Inc. increased its stake in shares of 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 purchasing an additional 781,154 shares in the last quarter. Norges Bank purchased a new position in shares of Axcelis Technologies during the 4th quarter worth approximately $36,050,000. Reinhart Partners LLC. increased its stake in shares of Axcelis Technologies by 50.7% during the 4th 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 in the last quarter. Boston Trust Walden Corp boosted its position in Axcelis Technologies by 61.9% during the fourth quarter. Boston Trust Walden Corp now owns 820,116 shares of the semiconductor company's stock worth $57,302,000 after acquiring an additional 313,689 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Axcelis Technologies by 37.8% in the 4th quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company's stock worth $74,069,000 after acquiring an additional 290,678 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.
Axcelis Technologies Trading Down 1.7%
Shares of ACLS traded down $1.09 during mid-day trading on Friday, reaching $61.58. The company had a trading volume of 394,217 shares, compared to its average volume of 650,633. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52. The firm has a fifty day simple moving average of $51.93 and a 200-day simple moving average of $64.13. Axcelis Technologies, Inc. has a fifty-two week low of $40.40 and a fifty-two week 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.
Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.65. The company had revenue of $192.56 million for the quarter, compared to analyst estimates of $184.86 million. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. Axcelis Technologies's revenue for the quarter was down 23.7% on a year-over-year basis. During the same quarter last year, the business earned $1.57 EPS. On average, sell-side analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.
Axcelis Technologies declared that its board has authorized a stock buyback plan on Wednesday, March 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.
Analysts Set New Price Targets
ACLS has been the subject of several recent analyst reports. William Blair cut shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. B. Riley reaffirmed a "neutral" rating and issued a $50.00 target price (down from $80.00) on shares of Axcelis Technologies in a research note on Monday, April 21st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Axcelis Technologies currently has a consensus rating of "Hold" and a consensus target price of $131.00.
Check Out Our Latest Stock 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.
Further Reading
Before you consider Axcelis Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Axcelis Technologies wasn't on the list.
While Axcelis Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
