Axcelis Technologies, Inc. (NASDAQ:ACLS) Stock Holdings Increased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 60.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,582 shares of the semiconductor company's stock after acquiring an additional 52,757 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.44% of Axcelis Technologies worth $6,983,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ACLS. Blue Trust Inc. increased its holdings 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 acquiring an additional 289 shares during the period. Strategic Financial Concepts LLC bought a new position in Axcelis Technologies in the 4th quarter valued at about $727,000. Empowered Funds LLC bought a new position in Axcelis Technologies in the 4th quarter valued at about $465,000. Four Tree Island Advisory LLC bought a new position in Axcelis Technologies in the 4th quarter valued at about $1,033,000. Finally, Peterson Wealth Services grew its position in Axcelis Technologies by 12.7% in the 4th quarter. Peterson Wealth Services now owns 7,693 shares of the semiconductor company's stock valued at $538,000 after buying an additional 868 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

Axcelis Technologies Price Performance

Shares of NASDAQ:ACLS traded down $2.83 during trading hours on Wednesday, hitting $67.93. 931,703 shares of the company's stock traded hands, compared to its average volume of 657,545. Axcelis Technologies, Inc. has a 52 week low of $40.40 and a 52 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 company's fifty day simple moving average is $53.94 and its two-hundred day simple moving average is $61.81. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52.

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 net margin of 19.75% and a return on equity of 21.02%. The company had revenue of $192.56 million during the quarter, compared to analyst estimates of $184.86 million. During the same quarter last year, the firm posted $1.57 EPS. The business's revenue for the quarter was down 23.7% on a year-over-year basis. As a group, equities analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies announced that its board has approved a share repurchase plan on Wednesday, March 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the semiconductor company to purchase up to 5.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Insider Activity

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,682 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $61.93, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.48% of the company's stock.

Analyst Ratings Changes

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