Smartleaf Asset Management LLC Purchases 433 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Smartleaf Asset Management LLC raised its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 184.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 668 shares of the semiconductor company’s stock after purchasing an additional 433 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Axcelis Technologies were worth $47,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Avior Wealth Management LLC boosted 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 worth $34,000 after buying an additional 450 shares during the period. Capital Advisors Ltd. LLC lifted its position in shares of Axcelis Technologies by 1,415.2% in the fourth 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 in the last quarter. Blue Trust Inc. boosted its stake in shares of Axcelis Technologies by 85.5% in the fourth 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 period. Truvestments Capital LLC purchased a new stake in shares of Axcelis Technologies during the third quarter worth about $69,000. Finally, Palouse Capital Management Inc. bought a new stake in Axcelis Technologies during the 4th quarter valued at approximately $79,000. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Stock Down 4.0 %

NASDAQ ACLS opened at $57.60 on Wednesday. The stock has a 50 day moving average price of $65.70 and a 200-day moving average price of $80.49. Axcelis Technologies, Inc. has a one year low of $53.67 and a one year 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. The company has a market capitalization of $1.85 billion, a P/E ratio of 9.37, a P/E/G ratio of 4.52 and a beta of 1.62.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.29. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. As a group, equities analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

ACLS has been the subject of several recent analyst reports. William Blair downgraded Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Craig Hallum dropped their target price on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $154.00.

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.