Charles Schwab Investment Management Inc. Has $25.85 Million Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 369,936 shares of the semiconductor company’s stock after purchasing an additional 22,913 shares during the period. Charles Schwab Investment Management Inc. owned 1.14% of Axcelis Technologies worth $25,847,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in Axcelis Technologies by 78,037.4% in the fourth quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company’s stock valued at $54,649,000 after buying an additional 781,154 shares during the period. Reinhart Partners LLC. lifted its holdings 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 valued at $72,393,000 after buying an additional 348,504 shares during the period. Boston Trust Walden Corp lifted its holdings in Axcelis Technologies by 61.9% in the fourth quarter. Boston Trust Walden Corp now owns 820,116 shares of the semiconductor company’s stock valued at $57,302,000 after buying an additional 313,689 shares during the period. Weiss Asset Management LP acquired a new position in Axcelis Technologies in the third quarter valued at $13,874,000. Finally, FMR LLC lifted its holdings in Axcelis Technologies by 51.4% in the third quarter. FMR LLC now owns 263,332 shares of the semiconductor company’s stock valued at $27,610,000 after buying an additional 89,453 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Trading Down 0.3 %

NASDAQ:ACLS opened at $58.27 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05. The firm has a 50-day moving average of $64.66 and a 200-day moving average of $79.05. The company has a market cap of $1.87 billion, a PE ratio of 9.47, a PEG ratio of 4.52 and a beta of 1.62. Axcelis Technologies, Inc. has a one year low of $53.67 and a one year high of $158.61.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, topping 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%. As a group, equities research analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies announced that its board has approved a stock repurchase program on Wednesday, March 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the semiconductor company to repurchase up to 5.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently issued reports on ACLS. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Craig Hallum decreased their price target on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, William Blair downgraded shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Axcelis Technologies has an average rating of “Hold” and a consensus target price 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.