Rhumbline Advisers Raises Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Rhumbline Advisers boosted its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,647 shares of the semiconductor company's stock after buying an additional 5,805 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Axcelis Technologies worth $4,800,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ACLS. Signaturefd LLC increased its holdings in Axcelis Technologies by 90.6% during 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 period. Versant Capital Management Inc increased its holdings in Axcelis Technologies by 118.7% during the first quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock valued at $29,000 after buying an additional 317 shares during the period. Capital Advisors Ltd. LLC increased its holdings 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 valued at $35,000 after buying an additional 467 shares during the period. Smartleaf Asset Management LLC increased its holdings in Axcelis Technologies by 184.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock valued at $47,000 after buying an additional 433 shares during the period. Finally, Quarry LP increased its holdings in Axcelis Technologies by 1,387.5% during the fourth quarter. Quarry LP now owns 714 shares of the semiconductor company's stock valued at $50,000 after buying an additional 666 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Axcelis Technologies

In other news, Director John T. Kurtzweil sold 1,682 shares of Axcelis Technologies stock in a transaction on 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 in the company, valued at approximately $2,170,646.50. The trade was a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.48% of the company's stock.

Axcelis Technologies Price Performance

NASDAQ ACLS opened at $65.07 on Friday. The firm's fifty day simple moving average is $55.38 and its two-hundred day simple moving average is $61.73. The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $158.61. The firm has a market capitalization of $2.09 billion, a P/E ratio of 10.58, a P/E/G ratio of 4.52 and a beta of 1.52.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping 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 business had revenue of $192.56 million for the quarter, compared to analyst estimates of $184.86 million. During the same period in the previous year, the company earned $1.57 earnings per share. The business's revenue for the quarter was down 23.7% on a year-over-year basis. Analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies announced that its board has approved a stock buyback program on Wednesday, March 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the semiconductor company to purchase up to 5.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, B. Riley reissued a "neutral" rating and set a $50.00 price objective (down from $80.00) on shares of Axcelis Technologies in a report on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $131.00.

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.

Want to see what other hedge funds are holding ACLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.