D.A. Davidson & CO. Makes New Investment in Axcelis Technologies, Inc. (NASDAQ:ACLS)

D.A. Davidson & CO. acquired a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,887 shares of the semiconductor company’s stock, valued at approximately $341,000.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in 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 purchasing an additional 781,154 shares during the last quarter. Reinhart Partners LLC. raised its position in shares of Axcelis Technologies by 50.7% in the fourth quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock valued at $72,393,000 after purchasing an additional 348,504 shares during the period. 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 worth $57,302,000 after buying an additional 313,689 shares during the period. Royce & Associates LP boosted its holdings in shares of Axcelis Technologies by 157.1% during the 3rd quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company’s stock worth $28,694,000 after buying an additional 167,235 shares during the period. Finally, Weiss Asset Management LP acquired a new position in Axcelis Technologies in the 3rd quarter valued at about $13,874,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Axcelis Technologies Stock Down 3.3 %

Shares of NASDAQ ACLS opened at $59.91 on Thursday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 9.74, a PEG ratio of 4.52 and a beta of 1.52. The stock’s fifty day moving average is $68.33 and its 200 day moving average is $84.42. Axcelis Technologies, Inc. has a 52 week low of $56.32 and a 52 week high of $158.61. 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 (NASDAQ:ACLS) last released its earnings results on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. Sell-side analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ACLS. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. William Blair lowered Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Craig Hallum dropped their target price on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, Benchmark downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note 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 currently has a consensus rating of “Hold” and an average price target of $154.00.

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.