Bryce Point Capital LLC Takes Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Bryce Point Capital LLC acquired a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,680 shares of the semiconductor company’s stock, valued at approximately $467,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Axcelis Technologies by 51.4% during 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 last quarter. HighTower Advisors LLC lifted its position in Axcelis Technologies by 23.5% during the third quarter. HighTower Advisors LLC now owns 3,666 shares of the semiconductor company’s stock valued at $382,000 after acquiring an additional 697 shares during the last quarter. Stifel Financial Corp boosted its stake in Axcelis Technologies by 6.5% in the third quarter. Stifel Financial Corp now owns 40,937 shares of the semiconductor company’s stock valued at $4,292,000 after acquiring an additional 2,492 shares in the last quarter. State Street Corp grew its holdings in Axcelis Technologies by 1.5% in the third quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company’s stock worth $129,310,000 after purchasing an additional 18,101 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of Axcelis Technologies during the third quarter worth $13,874,000. Institutional investors own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ACLS shares. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. William Blair lowered Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Finally, Craig Hallum decreased their price objective 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $154.00.

Axcelis Technologies Trading Down 5.3 %

Axcelis Technologies stock opened at $42.42 on Friday. The stock has a 50-day moving average price of $59.45 and a 200 day moving average price of $74.64. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 4.52 and a beta of 1.62. Axcelis Technologies, Inc. has a 52 week low of $40.40 and a 52 week high of $158.61. 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) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 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%. Sell-side analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current 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 outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 5.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.