JPMorgan Chase & Co. raised its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,568 shares of the semiconductor company's stock after acquiring an additional 10,645 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.58% of Axcelis Technologies worth $13,245,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC grew its position in shares of 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 purchasing an additional 173 shares in the last quarter. Avior Wealth Management LLC grew its holdings in Axcelis Technologies by 1,153.8% during the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock valued at $34,000 after buying an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in Axcelis Technologies by 1,415.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 467 shares during the last quarter. Blue Trust Inc. raised 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 acquiring an additional 289 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position 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 valued at $47,000 after acquiring an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on ACLS shares. William Blair lowered Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Craig Hallum reduced their target price on shares of Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Finally, Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Axcelis Technologies currently has an average rating of "Hold" and an average price target of $154.00.
Check Out Our Latest Stock Analysis on Axcelis Technologies
Axcelis Technologies Price Performance
ACLS stock traded down $0.32 during mid-day trading on Thursday, reaching $44.30. 84,792 shares of the company's stock were exchanged, compared to its average volume of 690,556. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 7.20, a price-to-earnings-growth ratio of 4.52 and a beta of 1.59. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $158.61. The stock's 50 day moving average is $55.19 and its 200 day moving average is $70.91. 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 (NASDAQ:ACLS - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. On average, research analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.
Axcelis Technologies declared that its board has approved a stock repurchase program on Wednesday, March 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits 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 stock is undervalued.
Axcelis Technologies Company Profile
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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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