FORA Capital LLC Acquires Shares of 12,935 Axcelis Technologies, Inc. (NASDAQ:ACLS)

FORA Capital LLC bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,935 shares of the semiconductor company's stock, valued at approximately $904,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tidal Investments LLC grew its holdings in Axcelis Technologies by 420.1% during the 3rd quarter. Tidal Investments LLC now owns 8,858 shares of the semiconductor company's stock valued at $929,000 after buying an additional 7,155 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Axcelis Technologies by 45.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 87,825 shares of the semiconductor company's stock valued at $6,136,000 after acquiring an additional 27,497 shares in the last quarter. Reinhart Partners LLC. boosted its stake in shares of Axcelis Technologies by 50.7% during the fourth quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company's stock valued at $72,393,000 after acquiring an additional 348,504 shares during the last quarter. SG Americas Securities LLC raised its stake in Axcelis Technologies by 10.7% in the 4th quarter. SG Americas Securities LLC now owns 7,630 shares of the semiconductor company's stock valued at $533,000 after purchasing an additional 738 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in Axcelis Technologies by 1,153.8% in the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. B. Riley reaffirmed a "neutral" rating and set a $50.00 price target (down from $80.00) on shares of Axcelis Technologies in a research note on Monday, April 21st. William Blair lowered shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Craig Hallum lowered their target price on shares of Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $131.00.

Axcelis Technologies Trading Up 1.1%

Shares of ACLS traded up $0.71 during trading hours on Tuesday, hitting $62.86. The stock had a trading volume of 511,475 shares, compared to its average volume of 648,660. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $158.61. The firm has a market cap of $2.02 billion, a P/E ratio of 10.22, a P/E/G ratio of 4.52 and a beta of 1.52. 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's fifty day simple moving average is $51.68 and its 200 day simple moving average is $64.74.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released 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. The company had revenue of $192.56 million for the quarter, compared to the consensus estimate of $184.86 million. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. The company's quarterly revenue was down 23.7% compared to the same quarter last year. During the same period last year, the business posted $1.57 EPS. Equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

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

Axcelis Technologies 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.