Gotham Asset Management LLC Raises Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Gotham Asset Management LLC boosted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 110.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 23,990 shares of the semiconductor company's stock after buying an additional 12,568 shares during the period. Gotham Asset Management LLC owned approximately 0.07% of Axcelis Technologies worth $1,676,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Bank of Montreal Can lifted its holdings in shares of Axcelis Technologies by 3.9% in the 4th quarter. Bank of Montreal Can now owns 4,540 shares of the semiconductor company's stock worth $317,000 after buying an additional 170 shares during the period. Signaturefd LLC lifted its stake in Axcelis Technologies by 90.6% in the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 173 shares during the period. Blue Trust Inc. grew its holdings in 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 acquiring an additional 289 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Axcelis Technologies by 1.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 28,623 shares of the semiconductor company's stock valued at $2,054,000 after purchasing an additional 383 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Axcelis Technologies by 184.3% in 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 during the period. 89.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. William Blair lowered Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. Finally, B. Riley reaffirmed a "neutral" rating and issued a $50.00 price objective (down previously from $80.00) on shares of Axcelis Technologies in a research report on Monday, April 21st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $131.00.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS traded up $0.45 during midday trading on Tuesday, reaching $62.46. The company had a trading volume of 424,929 shares, compared to its average volume of 648,689. The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04. The business's 50-day simple moving average is $51.99 and its 200 day simple moving average is $63.81. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $158.61. The stock has a market cap of $2.01 billion, a P/E ratio of 10.16, a P/E/G ratio of 4.52 and a beta of 1.52.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its 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. The firm had revenue of $192.56 million during the quarter, compared to analysts' expectations of $184.86 million. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. The firm's revenue was down 23.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.57 earnings per share. On average, analysts forecast 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 share buyback 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 usually a sign that the company's board believes its stock is undervalued.

About Axcelis Technologies

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.