Empowered Funds LLC Takes Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Empowered Funds LLC purchased a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,655 shares of the semiconductor company’s stock, valued at approximately $465,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp increased its stake 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 purchasing an additional 18,101 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in shares of Axcelis Technologies by 50.7% during the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock valued at $72,393,000 after acquiring an additional 348,504 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Axcelis Technologies by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company’s stock valued at $91,708,000 after acquiring an additional 28,141 shares in the last quarter. Boston Trust Walden Corp boosted its holdings 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 acquiring an additional 313,689 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Axcelis Technologies by 78,037.4% during the 4th quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company’s stock valued at $54,649,000 after acquiring an additional 781,154 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

ACLS stock opened at $63.61 on Thursday. The stock has a 50-day moving average price of $69.30 and a 200-day moving average price of $85.89. Axcelis Technologies, Inc. has a 1-year low of $56.32 and a 1-year high of $158.61. 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 firm has a market cap of $2.07 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 4.37 and a beta of 1.52.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, topping 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, equities research analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Analysts Set New Price Targets

ACLS has been the topic of several recent research reports. William Blair downgraded Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Craig Hallum cut their price objective on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Finally, Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to 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.