Skandinaviska Enskilda Banken AB publ Has $576,000 Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 21.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,232 shares of the semiconductor company’s stock after buying an additional 1,453 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Axcelis Technologies were worth $576,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Avior Wealth Management LLC raised its stake in shares of Axcelis Technologies by 1,153.8% during the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in 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 acquiring an additional 467 shares in the last quarter. Blue Trust Inc. lifted its stake in Axcelis Technologies by 85.5% in the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 289 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Axcelis Technologies by 184.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 433 shares during the period. Finally, Truvestments Capital LLC acquired a new position in shares of Axcelis Technologies during the 3rd quarter worth about $69,000. 89.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ACLS. William Blair downgraded shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Finally, Craig Hallum dropped their price target on 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $154.00.

Axcelis Technologies Price Performance

Axcelis Technologies stock opened at $58.27 on Tuesday. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 4.52 and a beta of 1.62. The stock’s 50 day moving average is $64.66 and its 200-day moving average is $79.05. 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, Inc. has a 12 month low of $53.67 and a 12 month high of $158.61.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. Equities research analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Axcelis Technologies declared that its Board of Directors has initiated a share buyback program on Wednesday, March 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 5.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.