Senvest Management LLC Has $9.66 Million Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Senvest Management LLC trimmed its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 82.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,192 shares of the semiconductor company's stock after selling 632,298 shares during the period. Senvest Management LLC owned about 0.43% of Axcelis Technologies worth $9,655,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its position in shares of Axcelis Technologies by 23.5% during the third quarter. HighTower Advisors LLC now owns 3,666 shares of the semiconductor company's stock worth $382,000 after purchasing an additional 697 shares during the period. Stifel Financial Corp raised its holdings in shares of Axcelis Technologies by 6.5% during the third quarter. Stifel Financial Corp now owns 40,937 shares of the semiconductor company's stock valued at $4,292,000 after acquiring an additional 2,492 shares during the period. State Street Corp lifted its position in shares of Axcelis Technologies by 1.5% in the 3rd quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company's stock valued at $129,310,000 after acquiring an additional 18,101 shares in the last quarter. Geode Capital Management LLC boosted its stake in Axcelis Technologies by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company's stock worth $91,708,000 after purchasing an additional 28,141 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Axcelis Technologies during the 3rd quarter valued at $700,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Axcelis Technologies Stock Performance

Axcelis Technologies stock traded up $0.16 during mid-day trading on Friday, reaching $44.78. The company had a trading volume of 448,938 shares, compared to its average volume of 636,989. 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 market cap of $1.44 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 4.52 and a beta of 1.59. The company has a 50 day moving average of $54.44 and a 200-day moving average of $70.11. Axcelis Technologies, Inc. has a 52 week low of $40.40 and a 52 week high of $158.61.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, topping 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%. On average, sell-side analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies declared that its Board of Directors has approved a share repurchase program on Wednesday, March 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the semiconductor company to buy up to 5.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ACLS shares. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. William Blair cut shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Finally, Craig Hallum cut their price objective on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $154.00.

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.