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

Sherbrooke Park Advisers LLC bought a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,526 shares of the semiconductor company's stock, valued at approximately $456,000.

A number of other institutional investors have also bought and sold shares of the business. ProShare Advisors LLC boosted its stake in Axcelis Technologies by 24.1% in the 4th quarter. ProShare Advisors LLC now owns 17,066 shares of the semiconductor company's stock worth $1,192,000 after purchasing an additional 3,314 shares during the period. Numerai GP LLC bought a new stake in shares of Axcelis Technologies during the fourth quarter valued at approximately $1,660,000. Occudo Quantitative Strategies LP purchased a new position in shares of Axcelis Technologies in the fourth quarter worth $620,000. Millennium Management LLC boosted its position in shares of Axcelis Technologies by 148.7% during the fourth quarter. Millennium Management LLC now owns 290,270 shares of the semiconductor company's stock worth $20,281,000 after acquiring an additional 173,574 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Axcelis Technologies by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,547 shares of the semiconductor company's stock worth $1,296,000 after acquiring an additional 731 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.

Axcelis Technologies Price Performance

Shares of NASDAQ ACLS traded down $0.86 during mid-day trading on Friday, hitting $58.19. 72,274 shares of the company's stock traded hands, compared to its average volume of 647,715. 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, Inc. has a 1 year low of $40.40 and a 1 year high of $158.61. The company's 50-day moving average is $52.10 and its two-hundred day moving average is $63.59. The company has a market capitalization of $1.87 billion, a P/E ratio of 9.45, a PEG ratio of 4.52 and a beta of 1.52.

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, 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 company had revenue of $192.56 million for the quarter, compared to analysts' expectations of $184.86 million. During the same period in the previous year, the firm posted $1.57 earnings per share. The firm's revenue for the quarter was down 23.7% on a year-over-year basis. On average, equities analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies announced that its board has authorized a share buyback program 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 shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In other news, Director John T. Kurtzweil sold 1,682 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $61.93, for a total value of $104,166.26. Following the completion of the sale, the director now owns 35,050 shares in the company, valued at approximately $2,170,646.50. This trade represents a 4.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ACLS shares. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. B. Riley reaffirmed 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, William Blair downgraded Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Axcelis Technologies has an average rating of "Hold" and an average 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.