8,871 Shares in Axcelis Technologies, Inc. (NASDAQ:ACLS) Purchased by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP bought a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,871 shares of the semiconductor company's stock, valued at approximately $620,000.

A number of other institutional investors also recently modified their holdings of ACLS. Vanguard Group Inc. lifted its stake in shares of Axcelis Technologies by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 4,396,134 shares of the semiconductor company's stock valued at $307,158,000 after purchasing an additional 106,203 shares during the last quarter. American Century Companies Inc. raised its holdings in Axcelis Technologies by 37.8% during the fourth 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 lifted its position in shares of Axcelis Technologies by 2.7% in the fourth 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 last quarter. Boston Trust Walden Corp boosted its stake in shares of Axcelis Technologies by 61.9% during the 4th quarter. Boston Trust Walden Corp now owns 820,116 shares of the semiconductor company's stock worth $57,302,000 after acquiring an additional 313,689 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of 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 acquiring an additional 781,154 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

Analyst Upgrades and Downgrades

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

Axcelis Technologies Stock Performance

Shares of Axcelis Technologies stock traded down $0.25 during midday trading on Tuesday, hitting $61.76. The company had a trading volume of 56,230 shares, compared to its average volume of 647,232. Axcelis Technologies, Inc. has a 1-year low of $40.40 and a 1-year high of $158.61. The business's 50 day simple moving average is $51.99 and its two-hundred day simple moving average is $63.81. The stock has a market cap of $1.98 billion, a PE ratio of 10.04, a P/E/G ratio of 4.52 and a beta of 1.52. 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 released its earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.65. The business 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% on a year-over-year basis. During the same quarter last year, the company earned $1.57 earnings per share. As a group, equities analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies announced that its board has authorized a share buyback program on Wednesday, March 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Axcelis Technologies Company 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.