Northern Trust Corp Has $27.39 Million Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Northern Trust Corp lowered its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 392,078 shares of the semiconductor company's stock after selling 18,817 shares during the quarter. Northern Trust Corp owned about 1.21% of Axcelis Technologies worth $27,394,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Signaturefd LLC raised its holdings in shares of Axcelis Technologies by 90.6% in 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 during the last quarter. Avior Wealth Management LLC increased its position 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 acquiring an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of Axcelis Technologies by 1,415.2% in the fourth 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. lifted its position in shares of Axcelis Technologies by 85.5% during the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 289 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of 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 purchasing an additional 433 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

Axcelis Technologies Trading Down 1.5%

ACLS stock traded down $0.94 during midday trading on Friday, reaching $61.73. The company's stock had a trading volume of 145,037 shares, compared to its average volume of 647,281. The business's 50-day simple moving average is $51.86 and its 200-day simple moving average is $64.52. The company has a quick ratio of 4.05, a current ratio of 5.41 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 52 week low of $40.40 and a 52 week high of $158.61. The stock has a market cap of $1.98 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its quarterly 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 business had revenue of $192.56 million for the quarter, compared to analyst estimates of $184.86 million. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. The firm's revenue was down 23.7% on a year-over-year basis. During the same period last year, the company earned $1.57 EPS. As a group, sell-side analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Axcelis Technologies announced that its Board of Directors has approved a share repurchase plan on Wednesday, March 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ACLS shares. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. B. Riley restated a "neutral" rating and set a $50.00 target price (down previously from $80.00) on shares of Axcelis Technologies in a research report on Monday, April 21st. Finally, William Blair lowered Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $131.00.

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.