Numerai GP LLC Takes Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Numerai GP LLC bought a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 23,765 shares of the semiconductor company's stock, valued at approximately $1,660,000. Numerai GP LLC owned about 0.07% of Axcelis Technologies at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ACLS. Vanguard Group Inc. lifted its position in shares of Axcelis Technologies by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,396,134 shares of the semiconductor company's stock valued at $307,158,000 after buying an additional 106,203 shares in the last quarter. American Century Companies Inc. increased its position in Axcelis Technologies by 37.8% during the 4th quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company's stock valued at $74,069,000 after buying an additional 290,678 shares in the last quarter. Geode Capital Management LLC increased its holdings in Axcelis Technologies by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 897,750 shares of the semiconductor company's stock worth $62,738,000 after buying an additional 23,234 shares during the period. Boston Trust Walden Corp grew its holdings in Axcelis Technologies by 61.9% in the fourth quarter. Boston Trust Walden Corp now owns 820,116 shares of the semiconductor company's stock valued at $57,302,000 after purchasing an additional 313,689 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Axcelis Technologies by 78,037.4% during the 4th quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company's stock worth $54,649,000 after purchasing an additional 781,154 shares during the last quarter. 89.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Axcelis Technologies Trading Up 0.0%

NASDAQ:ACLS traded up $0.01 on Monday, hitting $61.59. The stock had a trading volume of 83,951 shares, compared to its average volume of 648,395. 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 $1.98 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 4.52 and a beta of 1.52. The company has a quick ratio of 4.05, a current ratio of 5.41 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $51.93 and a two-hundred day moving average price of $63.98.

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, beating analysts' consensus estimates of $0.39 by $0.65. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. The business had revenue of $192.56 million for the quarter, compared to analyst estimates of $184.86 million. During the same quarter in the prior year, the business posted $1.57 EPS. The company's revenue for the quarter was down 23.7% on a year-over-year basis. Equities research analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Axcelis Technologies declared that its Board of Directors has authorized a share repurchase 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 an indication that the company's leadership believes its stock is 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.