Envestnet Asset Management Inc. decreased its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 34.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,502 shares of the semiconductor company's stock after selling 11,149 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of Axcelis Technologies worth $1,502,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Signaturefd LLC lifted its stake in Axcelis Technologies by 90.6% in the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 173 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Axcelis Technologies by 1,153.8% in the fourth 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 last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Axcelis Technologies by 1,415.2% in the fourth 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. boosted its holdings in Axcelis Technologies by 85.5% during the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 289 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Axcelis Technologies by 184.3% in the fourth 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 in the last quarter. 89.98% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on ACLS shares. William Blair downgraded shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. Craig Hallum lowered their price target on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Finally, B. Riley reissued a "neutral" rating and issued a $50.00 price objective (down previously from $80.00) on shares of Axcelis Technologies in a report on Monday, April 21st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $131.00.
Check Out Our Latest Stock Report on Axcelis Technologies
Axcelis Technologies Stock Performance
NASDAQ ACLS traded up $0.13 during trading on Thursday, reaching $49.11. 746,216 shares of the company's stock were exchanged, compared to its average volume of 638,659. 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 business has a 50 day moving average price of $52.07 and a 200-day moving average price of $67.22. The stock has a market capitalization of $1.58 billion, a P/E ratio of 7.99, a PEG ratio of 4.52 and a beta of 1.59. Axcelis Technologies, Inc. has a fifty-two week low of $40.40 and a fifty-two week high of $158.61.
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 return on equity of 21.02% and a net margin of 19.75%. Sell-side analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.
Axcelis Technologies announced that its Board of Directors has approved a stock repurchase program on Wednesday, March 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.
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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