Globeflex Capital L P Has $1.18 Million Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Globeflex Capital L P raised its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 16.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,846 shares of the semiconductor company’s stock after acquiring an additional 2,419 shares during the quarter. Globeflex Capital L P owned approximately 0.05% of Axcelis Technologies worth $1,177,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACLS. Avior Wealth Management LLC increased its position 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 valued at $34,000 after acquiring an additional 450 shares during the period. Capital Advisors Ltd. LLC increased its position in shares of Axcelis Technologies by 1,415.2% during the fourth quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company’s stock worth $35,000 after buying an additional 467 shares during the period. Blue Trust Inc. increased its position in shares of Axcelis Technologies by 85.5% during the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock worth $44,000 after buying an additional 289 shares during the period. Smartleaf Asset Management LLC grew its holdings in Axcelis Technologies by 184.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 433 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in Axcelis Technologies in the third quarter worth $69,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Price Performance

Shares of NASDAQ:ACLS opened at $58.47 on Friday. The company has a 50 day moving average of $64.98 and a 200 day moving average of $79.84. The stock has a market cap of $1.88 billion, a P/E ratio of 9.51, a P/E/G ratio of 4.52 and a beta of 1.62. Axcelis Technologies, Inc. has a 12 month low of $53.67 and a 12 month 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.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (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%. As a group, sell-side analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies declared that its Board of Directors has initiated a share buyback plan on Wednesday, March 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 5.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. William Blair cut shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Finally, Craig Hallum dropped their price objective 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.