Voya Investment Management LLC Has $1.45 Million Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Voya Investment Management LLC reduced its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 83.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,774 shares of the semiconductor company's stock after selling 103,772 shares during the quarter. Voya Investment Management LLC owned about 0.06% of Axcelis Technologies worth $1,451,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. 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 worth $307,158,000 after acquiring an additional 106,203 shares during the period. American Century Companies Inc. lifted its position in Axcelis Technologies by 37.8% in the fourth quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company's stock worth $74,069,000 after purchasing an additional 290,678 shares during the period. Reinhart Partners LLC. lifted its position in Axcelis Technologies by 50.7% in the fourth quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company's stock worth $72,393,000 after purchasing an additional 348,504 shares during the period. Geode Capital Management LLC boosted its stake in Axcelis Technologies by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 897,750 shares of the semiconductor company's stock valued at $62,738,000 after purchasing an additional 23,234 shares in the last quarter. Finally, Boston Trust Walden Corp increased its position 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 valued at $57,302,000 after purchasing an additional 313,689 shares during the period. Institutional investors and hedge funds own 89.98% of the company's stock.

Axcelis Technologies Trading Down 2.1 %

ACLS stock traded down $1.22 during mid-day trading on Friday, reaching $57.64. 552,727 shares of the stock traded hands, compared to its average volume of 647,574. The stock's fifty day moving average is $51.61 and its 200-day moving average is $65.10. The company has a market cap of $1.85 billion, a P/E ratio of 9.37, a P/E/G ratio of 4.52 and a beta of 1.52. The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04. 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 issued its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.39 by $0.65. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. The business had revenue of $192.56 million during the quarter, compared to the consensus estimate of $184.86 million. During the same quarter in the prior year, the firm earned $1.57 EPS. The firm's quarterly revenue was down 23.7% on a year-over-year basis. As a group, sell-side analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Axcelis Technologies announced that its Board of Directors has approved a share buyback program on Wednesday, March 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the semiconductor company to purchase up to 5.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ACLS shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. William Blair lowered shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. B. Riley reiterated 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. Finally, Craig Hallum reduced their target price 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $131.00.

About Axcelis Technologies

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.