Axcelis Technologies, Inc. (NASDAQ:ACLS) Stock Holdings Increased by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 52.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,487 shares of the semiconductor company's stock after buying an additional 9,741 shares during the period. Deutsche Bank AG owned approximately 0.09% of Axcelis Technologies worth $1,990,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ACLS. Pacer Advisors Inc. raised its holdings in shares of Axcelis Technologies by 78,037.4% in 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 during the period. Norges Bank acquired a new stake in Axcelis Technologies during the 4th quarter worth approximately $36,050,000. Boston Trust Walden Corp raised its holdings in Axcelis Technologies by 61.9% in the fourth quarter. Boston Trust Walden Corp now owns 820,116 shares of the semiconductor company's stock valued at $57,302,000 after buying an additional 313,689 shares during the period. American Century Companies Inc. lifted its position in Axcelis Technologies by 37.8% during the fourth quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company's stock valued at $74,069,000 after buying an additional 290,678 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its stake in Axcelis Technologies by 54.1% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 764,069 shares of the semiconductor company's stock worth $53,386,000 after buying an additional 268,098 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Axcelis Technologies Stock Up 0.8%

Shares of NASDAQ:ACLS traded up $0.45 during trading on Thursday, hitting $58.00. The company's stock had a trading volume of 423,418 shares, compared to its average volume of 650,117. The company has a market capitalization of $1.86 billion, a PE ratio of 9.43, a PEG 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. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.05 and a current ratio of 5.41. The stock's 50-day moving average price is $52.24 and its two-hundred day moving average price is $62.63.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.39 by $0.65. The company had revenue of $192.56 million during the quarter, compared to analysts' expectations of $184.86 million. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. The business's revenue was down 23.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 EPS. As a group, sell-side analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Axcelis Technologies announced that its board has authorized a stock repurchase plan on Wednesday, March 12th that allows the company to buyback $100.00 million in 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 typically an indication that the company's board of directors believes its shares are undervalued.

Insider Transactions at Axcelis Technologies

In other news, Director John T. Kurtzweil sold 1,682 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $2,170,646.50. The trade was a 4.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.48% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on ACLS. B. Riley restated a "neutral" rating and set a $50.00 target price (down previously from $80.00) on shares of Axcelis Technologies in a report on Monday, April 21st. William Blair cut Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Axcelis Technologies 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.