8,012 Shares in Axcelis Technologies, Inc. (NASDAQ:ACLS) Acquired by Nebula Research & Development LLC

Nebula Research & Development LLC bought a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,012 shares of the semiconductor company's stock, valued at approximately $560,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ACLS. Virtu Financial LLC purchased a new stake in Axcelis Technologies in the third quarter worth $700,000. Tidal Investments LLC lifted its position in shares of Axcelis Technologies by 420.1% in the 3rd quarter. Tidal Investments LLC now owns 8,858 shares of the semiconductor company's stock worth $929,000 after purchasing an additional 7,155 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Axcelis Technologies by 45.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 87,825 shares of the semiconductor company's stock valued at $6,136,000 after purchasing an additional 27,497 shares in the last quarter. Reinhart Partners LLC. increased its position 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 buying an additional 348,504 shares during the period. Finally, SG Americas Securities LLC raised its stake in Axcelis Technologies by 10.7% in the fourth quarter. SG Americas Securities LLC now owns 7,630 shares of the semiconductor company's stock worth $533,000 after buying an additional 738 shares in the last quarter. Institutional investors own 89.98% of the company's stock.

Wall Street Analysts Forecast Growth

ACLS has been the subject of a number of research reports. William Blair downgraded Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. B. Riley reiterated a "neutral" rating and issued a $50.00 price target (down from $80.00) on shares of Axcelis Technologies in a research note on Monday, April 21st. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Finally, Craig Hallum decreased 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. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Axcelis Technologies currently has an average rating of "Hold" and a consensus target price of $131.00.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS traded up $0.13 during trading on Thursday, reaching $49.11. 746,216 shares of the company traded hands, compared to its average volume of 637,634. The company has a quick ratio of 4.05, a current ratio of 5.41 and a debt-to-equity ratio of 0.04. The firm has a 50 day simple moving average of $52.07 and a 200-day simple moving average of $67.22. Axcelis Technologies, Inc. has a 52-week low of $40.40 and a 52-week high of $158.61. The stock has a market capitalization of $1.58 billion, a PE ratio of 7.99, a P/E/G ratio of 4.52 and a beta of 1.59.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.29. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. Equities research analysts anticipate that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Axcelis Technologies declared that its board has authorized a share repurchase plan on Wednesday, March 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 5.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board 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.