9,731 Shares in Axcelis Technologies, Inc. (NASDAQ:ACLS) Acquired by Illumine Investment Management LLC

Illumine Investment Management LLC acquired a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,731 shares of the semiconductor company's stock, valued at approximately $483,000.

Several other institutional investors have also recently added to or reduced their stakes in ACLS. Signaturefd LLC lifted its stake in Axcelis Technologies by 90.6% in the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock valued at $25,000 after buying an additional 173 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Axcelis Technologies by 118.7% in the first quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 317 shares during the period. Fifth Third Bancorp lifted its position in Axcelis Technologies by 160.5% during the first quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock worth $29,000 after buying an additional 358 shares during the period. Capital Advisors Ltd. LLC lifted its position in Axcelis Technologies by 1,415.2% during the fourth quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock worth $35,000 after buying an additional 467 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in Axcelis Technologies during the first quarter worth about $44,000. Hedge funds and other institutional investors own 89.98% of the company's stock.

Axcelis Technologies Stock Up 1.1%

Shares of ACLS stock traded up $0.76 during trading hours on Thursday, reaching $70.92. The company had a trading volume of 514,900 shares, compared to its average volume of 655,444. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.08 and a current ratio of 5.56. Axcelis Technologies, Inc. has a twelve month low of $40.40 and a twelve month high of $158.61. The company has a market capitalization of $2.28 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 4.71 and a beta of 1.52. The stock's fifty day simple moving average is $58.81 and its 200 day simple moving average is $61.35.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.65. Axcelis Technologies had a return on equity of 18.55% and a net margin of 18.58%. The firm 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 earned $1.57 EPS. Axcelis Technologies's quarterly revenue was down 23.7% on a year-over-year basis. As a group, sell-side analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,682 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $61.93, for a total transaction of $104,166.26. Following the transaction, the director now owns 35,050 shares of the company's stock, valued at $2,170,646.50. This trade represents a 4.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.48% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, B. Riley upped their price target on Axcelis Technologies from $58.00 to $75.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Axcelis Technologies currently has a consensus rating of "Hold" and a consensus price target of $136.00.

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.