Wealth Enhancement Advisory Services LLC acquired a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,264 shares of the semiconductor company's stock, valued at approximately $298,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC raised 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 in the last quarter. Capital Advisors Ltd. LLC raised 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 in the last quarter. Smartleaf Asset Management LLC raised 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 in the last quarter. Quarry LP raised 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 in the last quarter. Finally, Palouse Capital Management Inc. bought a new position in Axcelis Technologies during the fourth quarter valued at about $79,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director John T. Kurtzweil sold 1,682 shares of Axcelis Technologies stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $61.93, for a total transaction of $104,166.26. Following the sale, the director now directly owns 35,050 shares of the company's stock, valued at $2,170,646.50. This trade represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is owned by company insiders.
Analysts Set New Price Targets
Separately, B. Riley restated a "neutral" rating and set a $50.00 target price (down from $80.00) on shares of Axcelis Technologies in a report on Monday, April 21st. Five investment 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, the company currently has an average rating of "Hold" and an average price target of $131.00.
Check Out Our Latest Stock Report on ACLS
Axcelis Technologies Stock Performance
Shares of Axcelis Technologies stock traded down $3.84 during trading on Friday, reaching $65.07. The company's stock had a trading volume of 776,624 shares, compared to its average volume of 657,324. 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 business's fifty day moving average price is $55.38 and its 200-day moving average price is $61.65. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52. Axcelis Technologies, Inc. has a one year low of $40.40 and a one year 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 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 posted $1.57 earnings per share. The firm's revenue for the quarter was down 23.7% on a year-over-year basis. As a group, equities research analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.
Axcelis Technologies announced that its board has authorized a share repurchase program on Wednesday, March 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 5.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.
About Axcelis Technologies
(
Free Report)
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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