Tower Research Capital LLC TRC Reduces Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Tower Research Capital LLC TRC cut its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 95.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 486 shares of the semiconductor company's stock after selling 10,557 shares during the quarter. Tower Research Capital LLC TRC's holdings in Axcelis Technologies were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ACLS. Signaturefd LLC increased its position in shares of Axcelis Technologies by 90.6% during the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 173 shares during the last quarter. Avior Wealth Management LLC increased its holdings in Axcelis Technologies by 1,153.8% during the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 450 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in shares of 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 purchasing an additional 467 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Axcelis Technologies by 85.5% during the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock valued at $44,000 after buying an additional 289 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of 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 buying an additional 433 shares in the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on ACLS shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Craig Hallum decreased their price objective on shares of Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. B. Riley reissued a "neutral" rating and set a $50.00 target price (down from $80.00) on shares of Axcelis Technologies in a report on Monday, April 21st. Finally, William Blair downgraded shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $131.00.

Axcelis Technologies Stock Down 0.2%

Axcelis Technologies stock opened at $62.75 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.05 and a current ratio of 5.41. Axcelis Technologies, Inc. has a one year low of $40.40 and a one year high of $158.61. The company has a 50-day simple moving average of $51.80 and a 200-day simple moving average of $64.71. The firm has a market capitalization of $2.02 billion, a P/E ratio of 10.20, a P/E/G ratio of 4.52 and a beta of 1.52.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.39 by $0.65. The firm 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%. Axcelis Technologies's quarterly revenue was down 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 EPS. As a group, equities analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Axcelis Technologies announced that its board has authorized a stock repurchase program on Wednesday, March 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase programs are usually a sign 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.

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