Rockefeller Capital Management L.P. Invests $1.26 Million in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Rockefeller Capital Management L.P. acquired a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,088 shares of the semiconductor company's stock, valued at approximately $1,264,000. Rockefeller Capital Management L.P. owned 0.06% of Axcelis Technologies as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ACLS. Bank of Montreal Can raised its position in shares of Axcelis Technologies by 3.9% in the fourth quarter. Bank of Montreal Can now owns 4,540 shares of the semiconductor company's stock worth $317,000 after acquiring an additional 170 shares during the period. Signaturefd LLC raised its holdings in Axcelis Technologies by 90.6% in the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 173 shares during the period. Blue Trust Inc. raised its holdings in Axcelis Technologies by 85.5% in the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 289 shares during the period. Thrivent Financial for Lutherans boosted its position in Axcelis Technologies by 1.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 28,623 shares of the semiconductor company's stock worth $2,054,000 after purchasing an additional 383 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Axcelis Technologies by 184.3% in 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 period. Hedge funds and other institutional investors own 89.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. B. Riley reiterated 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. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. Craig Hallum cut 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. Finally, William Blair lowered Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note 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 company. Based on data from MarketBeat, Axcelis Technologies currently has an average rating of "Hold" and an average price target of $131.00.

Axcelis Technologies Price Performance

ACLS traded up $0.94 during trading on Friday, reaching $49.84. The company's stock had a trading volume of 325,957 shares, compared to its average volume of 637,602. 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 fifty day simple moving average of $52.99 and a two-hundred day simple moving average of $68.29. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 4.52 and a beta of 1.59. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $158.61.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

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