Paradigm Capital Management Inc. NY Sells 323,000 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Paradigm Capital Management Inc. NY lessened its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 67.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,900 shares of the semiconductor company's stock after selling 323,000 shares during the quarter. Paradigm Capital Management Inc. NY owned 0.47% of Axcelis Technologies worth $10,753,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ACLS. Bank of Montreal Can grew its holdings in shares of Axcelis Technologies by 3.9% in the 4th quarter. Bank of Montreal Can now owns 4,540 shares of the semiconductor company's stock worth $317,000 after purchasing an additional 170 shares during the last quarter. Signaturefd LLC grew its stake in Axcelis Technologies by 90.6% during the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock worth $25,000 after buying an additional 173 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Axcelis Technologies by 85.5% during the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock worth $44,000 after buying an additional 289 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Axcelis Technologies by 1.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 28,623 shares of the semiconductor company's stock valued at $2,054,000 after acquiring an additional 383 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Axcelis Technologies by 184.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 433 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

Wall Street Analysts Forecast Growth

ACLS has been the subject of several research reports. William Blair cut shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. B. Riley reaffirmed a "neutral" rating and set a $50.00 price objective (down previously from $80.00) on shares of Axcelis Technologies in a 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 given a buy rating to the company's stock. According to MarketBeat, Axcelis Technologies currently has a consensus rating of "Hold" and an average price target of $131.00.

Axcelis Technologies Trading Up 0.7%

ACLS opened at $62.01 on Tuesday. The firm has a 50 day simple moving average of $51.99 and a 200 day simple moving average of $63.81. 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 market cap of $1.99 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52. 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 (NASDAQ:ACLS - Get Free Report) last issued 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. 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 analysts' expectations of $184.86 million. During the same quarter in the previous year, the company posted $1.57 EPS. The business's revenue for the quarter was down 23.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

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

Axcelis Technologies Company 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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