Susquehanna Fundamental Investments LLC Takes $1.42 Million Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,347 shares of the semiconductor company's stock, valued at approximately $1,422,000. Susquehanna Fundamental Investments LLC owned 0.06% of Axcelis Technologies as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of Axcelis Technologies by 90.6% in the 4th 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 period. Avior Wealth Management LLC lifted its holdings 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 purchasing an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in Axcelis Technologies by 1,415.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 467 shares during the last quarter. Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 289 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Axcelis Technologies by 184.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock worth $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.

Analyst Upgrades and Downgrades

Several research analysts have recently commented 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 reissued 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. William Blair cut shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Finally, Craig Hallum decreased 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. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $131.00.

Axcelis Technologies Price Performance

Shares of ACLS stock traded down $0.21 during trading hours on Monday, hitting $52.09. The company's stock had a trading volume of 1,067,913 shares, compared to its average volume of 638,448. The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $51.60 and a 200-day moving average of $66.14. Axcelis Technologies, Inc. has a twelve month low of $40.40 and a twelve month high of $158.61. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 8.47, a P/E/G ratio of 4.52 and a beta of 1.52.

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

Axcelis Technologies declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is 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.