2 weeks Ago By Defense World Staff
KLP Kapitalforvaltning AS acquired a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,500 shares of the semiconductor company’s stock, valued at approximately $454,000.
Other institutional investors have also recently modified their holdings of the company. FMR LLC grew its holdings in Axcelis Technologies by 51.4% during the third quarter.
FMR LLC now owns 263,332 shares of the semiconductor company’s stock worth $27,610,000 after acquiring an additional 89,453 shares during the period. HighTower Advisors LLC grew its stake in shares of Axcelis Technologies by 23.5% during the 3rd quarter.
HighTower Advisors LLC now owns 3,666 shares of the semiconductor company’s stock worth $382,000 after purchasing an additional 697 shares during the period. Stifel Financial Corp increased its holdings in shares of Axcelis Technologies by 6.5% during the 3rd quarter.
Stifel Financial Corp now owns 40,937 shares of the semiconductor company’s stock valued at $4,292,000 after purchasing an additional 2,492 shares in the last quarter. State Street Corp boosted its holdings in Axcelis Technologies by 1.5% during the third quarter.
State Street Corp now owns 1,233,282 shares of the semiconductor company’s stock worth $129,310,000 after buying an additional 18,101 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Axcelis Technologies during the third quarter valued at $13,874,000. 89.
98% of the stock is currently owned by hedge funds and other institutional investors. Axcelis Technologies Trading Down 5.3 %Shares of ACLS opened at $42.
42 on Friday. Axcelis Technologies, Inc. has a 52-week low of $40.
40 and a 52-week high of $158.61. The stock has a market cap of $1.
36 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 4.52 and a beta of 1.
62. The firm’s fifty day moving average is $59.45 and its two-hundred day moving average is $74.
64. The company has a quick ratio of 4.05, a current ratio of 5.
41 and a debt-to-equity ratio of 0.04. Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last posted its quarterly earnings results on Monday, February 10th.
The semiconductor company reported $1.54 earnings per share 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%. Research analysts forecast that Axcelis Technologies, Inc. will post 2.
55 earnings per share for the current fiscal year. Axcelis Technologies announced that its Board of Directors has authorized a stock repurchase program on Wednesday, March 12th that authorizes the company to buyback $100.00 million in shares.
This buyback authorization authorizes the semiconductor company to buy up to 5.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.
Analyst Ratings ChangesSeveral equities research analysts have recently issued reports on the stock. Craig Hallum lowered their target price on shares of Axcelis Technologies from $115.00 to $105.
00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Finally, William Blair downgraded Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research note 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $154.
00.View Our Latest Report on Axcelis TechnologiesAbout Axcelis Technologies (Free Report)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.
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