Numerai GP LLC Makes New $1.66 Million Investment in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Numerai GP LLC purchased a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 23,765 shares of the semiconductor company’s stock, valued at approximately $1,660,000. Numerai GP LLC owned 0.07% of Axcelis Technologies at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ACLS. Occudo Quantitative Strategies LP purchased a new position in Axcelis Technologies in the fourth quarter worth approximately $620,000. Millennium Management LLC lifted its stake in shares of Axcelis Technologies by 148.7% in the 4th quarter. Millennium Management LLC now owns 290,270 shares of the semiconductor company’s stock valued at $20,281,000 after purchasing an additional 173,574 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Axcelis Technologies by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,547 shares of the semiconductor company’s stock worth $1,296,000 after purchasing an additional 731 shares during the period. LRI Investments LLC raised its holdings in Axcelis Technologies by 777.5% in the 4th quarter. LRI Investments LLC now owns 2,966 shares of the semiconductor company’s stock valued at $207,000 after buying an additional 2,628 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Axcelis Technologies by 167.3% in the fourth quarter. Janus Henderson Group PLC now owns 90,508 shares of the semiconductor company’s stock valued at $6,323,000 after buying an additional 56,654 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ACLS. William Blair lowered Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. B. Riley restated a “neutral” rating and set a $50.00 target price (down from $80.00) on shares of Axcelis Technologies in a report on Monday, April 21st. Finally, Craig Hallum dropped their target price on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Axcelis Technologies presently has an average rating of “Hold” and an average price target of $131.00.

Axcelis Technologies Stock Up 1.1%

Shares of NASDAQ ACLS opened at $62.86 on Wednesday. The stock has a market cap of $2.02 billion, a P/E ratio of 10.22, a PEG ratio of 4.52 and a beta of 1.52. The business’s fifty day simple moving average is $51.76 and its 200-day simple moving average is $64.72. Axcelis Technologies, Inc. has a 12-month low of $40.40 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 posted its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.65. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. The company had revenue of $192.56 million for the quarter, compared to analyst estimates of $184.86 million. During the same quarter last year, the company earned $1.57 EPS. Axcelis Technologies’s revenue for the quarter was down 23.7% compared to the same quarter last year. As a group, equities analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Axcelis Technologies Company 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.