Voloridge Investment Management LLC Purchases 180,531 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Voloridge Investment Management LLC boosted its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 428.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 222,663 shares of the semiconductor company's stock after buying an additional 180,531 shares during the period. Voloridge Investment Management LLC owned approximately 0.68% of Axcelis Technologies worth $15,557,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ACLS. Signaturefd LLC grew its holdings in shares of Axcelis Technologies by 90.6% during the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 173 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of Axcelis Technologies by 1,153.8% during the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Axcelis Technologies by 1,415.2% during the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 467 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Axcelis Technologies by 85.5% during the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 289 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Axcelis Technologies by 184.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock worth $47,000 after purchasing an additional 433 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

Axcelis Technologies Price Performance

Axcelis Technologies stock traded up $0.31 on Thursday, reaching $57.86. The company's stock had a trading volume of 89,862 shares, compared to its average volume of 647,828. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.05 and a current ratio of 5.41. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 4.52 and a beta of 1.52. The business's fifty day moving average price is $52.23 and its 200 day moving average price is $62.82. Axcelis Technologies, Inc. has a twelve month low of $40.40 and a twelve month high of $158.61.

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

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

Analysts Set New Price Targets

Several equities analysts recently commented on the company. William Blair downgraded Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. Finally, B. Riley restated a "neutral" rating and set a $50.00 target price (down previously from $80.00) on shares of Axcelis Technologies in a research report on Monday, April 21st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Axcelis Technologies currently has a consensus rating of "Hold" and an average target price of $131.00.

Insider Activity

In related news, Director John T. Kurtzweil sold 1,682 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was 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 represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.48% of the stock is currently owned by insiders.

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.