5,506 Shares in Axcelis Technologies, Inc. (NASDAQ:ACLS) Acquired by Css LLC Il

CSS LLC IL bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,506 shares of the semiconductor company's stock, valued at approximately $385,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Trust Walden Corp increased its position in shares of Axcelis Technologies by 61.9% during the 4th quarter. Boston Trust Walden Corp now owns 820,116 shares of the semiconductor company's stock valued at $57,302,000 after purchasing an additional 313,689 shares during the period. Raymond James Financial Inc. bought a new position in Axcelis Technologies during the fourth quarter valued at about $397,000. Principal Financial Group Inc. grew its holdings in Axcelis Technologies by 4.1% during the fourth quarter. Principal Financial Group Inc. now owns 188,559 shares of the semiconductor company's stock worth $13,175,000 after acquiring an additional 7,476 shares during the period. LPL Financial LLC raised its position in Axcelis Technologies by 36.1% in the fourth quarter. LPL Financial LLC now owns 60,834 shares of the semiconductor company's stock worth $4,250,000 after acquiring an additional 16,152 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in Axcelis Technologies in the fourth quarter worth about $465,000. Institutional investors own 89.98% of the company's stock.

Axcelis Technologies Trading Down 1.2%

NASDAQ ACLS traded down $0.73 on Monday, hitting $58.32. 326,436 shares of the company were exchanged, compared to its average volume of 650,708. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05. Axcelis Technologies, Inc. has a twelve month low of $40.40 and a twelve month high of $158.61. The firm has a market capitalization of $1.87 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52. The company's 50 day moving average price is $52.12 and its 200-day moving average price is $63.07.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.65. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. The business had revenue of $192.56 million for the quarter, compared to the consensus estimate of $184.86 million. The firm's quarterly revenue was down 23.7% compared to the same quarter last year. During the same period last year, the firm posted $1.57 earnings per share. Analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

ACLS has been the topic of several recent research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. B. Riley restated 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, William Blair lowered shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $131.00.

Insiders Place Their Bets

In related news, Director John T. Kurtzweil sold 1,682 shares of the 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 directly owns 35,050 shares of the company's stock, valued at approximately $2,170,646.50. This represents a 4.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.48% of the company's stock.

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.