Bank of America Corp DE Has $19.93 Million Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Bank of America Corp DE lifted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 104.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 285,284 shares of the semiconductor company's stock after acquiring an additional 145,701 shares during the quarter. Bank of America Corp DE owned approximately 0.88% of Axcelis Technologies worth $19,933,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its position in Axcelis Technologies by 3.9% during the fourth quarter. Bank of Montreal Can now owns 4,540 shares of the semiconductor company's stock valued at $317,000 after buying an additional 170 shares during the period. Signaturefd LLC lifted its stake in shares of Axcelis Technologies by 90.6% in the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 173 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 worth $44,000 after purchasing an additional 289 shares during the period. Thrivent Financial for Lutherans increased its holdings in Axcelis Technologies by 1.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 28,623 shares of the semiconductor company's stock worth $2,054,000 after acquiring an additional 383 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Axcelis Technologies by 184.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock valued at $47,000 after buying an additional 433 shares in the last quarter. Institutional investors own 89.98% of the company's stock.

Insider Activity

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,682 shares of Axcelis Technologies stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $61.93, for a total value of $104,166.26. Following the completion of the sale, the director now owns 35,050 shares in the company, valued at $2,170,646.50. The trade was a 4.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.48% of the company's stock.

Axcelis Technologies Stock Down 1.2%

ACLS traded down $0.73 on Friday, reaching $58.32. The company's stock had a trading volume of 326,436 shares, compared to its average volume of 650,708. The stock has a 50 day moving average of $52.12 and a two-hundred day moving average of $63.07. The company has a quick ratio of 4.05, a current ratio of 5.41 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 4.52 and a beta of 1.52. 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 quarterly earnings data on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.65. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. The business had revenue of $192.56 million during the quarter, compared to the consensus estimate of $184.86 million. During the same period in the prior year, the company earned $1.57 earnings per share. The company's revenue was down 23.7% compared to the same quarter last year. As a group, analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies declared that its board has approved a share buyback plan on Wednesday, March 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 5.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. William Blair lowered shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. B. Riley restated a "neutral" rating and set a $50.00 price target (down previously from $80.00) on shares of Axcelis Technologies in a research note on Monday, April 21st. Finally, Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Axcelis Technologies has an average rating of "Hold" and a consensus price target of $131.00.

About Axcelis Technologies

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.