Sherbrooke Park Advisers LLC Invests $456,000 in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Sherbrooke Park Advisers LLC purchased a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,526 shares of the semiconductor company's stock, valued at approximately $456,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ACLS. Signaturefd LLC raised its stake in Axcelis Technologies by 90.6% during the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 173 shares during the last quarter. Avior Wealth Management LLC raised its holdings in Axcelis Technologies by 1,153.8% during the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 450 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Axcelis Technologies by 1,415.2% in the fourth quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 467 shares in the last quarter. Blue Trust Inc. raised its position in shares of Axcelis Technologies by 85.5% in the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock valued at $44,000 after buying an additional 289 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Axcelis Technologies by 184.3% in 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 last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Stock Up 0.7%

Shares of ACLS stock traded up $0.45 on Tuesday, hitting $62.46. The stock had a trading volume of 424,929 shares, compared to its average volume of 649,926. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 4.52 and a beta of 1.52. The stock's 50 day moving average is $51.99 and its 200-day moving average is $63.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.05 and a current ratio of 5.41. Axcelis Technologies, Inc. has a 52-week low of $40.40 and a 52-week high of $158.61.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced 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 return on equity of 21.02% and a net margin of 19.75%. The business had revenue of $192.56 million for the quarter, compared to the consensus estimate of $184.86 million. During the same quarter last year, the business posted $1.57 EPS. The business's revenue was down 23.7% on a year-over-year basis. As a group, research analysts expect 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 buyback plan on Wednesday, March 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the semiconductor company to repurchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ACLS. William Blair downgraded Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. B. Riley restated 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. Finally, Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Five 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, Axcelis Technologies currently has an average rating of "Hold" and a consensus price target 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.