Focus Partners Wealth Has $1.01 Million Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Focus Partners Wealth decreased its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 59.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,357 shares of the semiconductor company's stock after selling 21,006 shares during the quarter. Focus Partners Wealth's holdings in Axcelis Technologies were worth $1,006,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

ACLS has been the subject of several research reports. William Blair downgraded Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Finally, B. Riley reissued 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. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Axcelis Technologies has a consensus rating of "Hold" and an average price target of $131.00.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $61.58 on Friday. The stock has a market capitalization of $1.98 billion, a PE ratio of 10.01, a PEG ratio of 4.52 and a beta of 1.52. The business's 50 day simple moving average is $51.93 and its 200 day simple moving average is $64.13. 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 one year low of $40.40 and a one year 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 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.65. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. The company had revenue of $192.56 million for the quarter, compared to analyst estimates of $184.86 million. During the same period in the prior year, the firm posted $1.57 EPS. The company's quarterly revenue was down 23.7% on a year-over-year basis. As a group, research analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Axcelis Technologies declared that its board has authorized a stock buyback program on Wednesday, March 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the semiconductor company to purchase up to 5.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

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.

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