Sherbrooke Park Advisers LLC Acquires New Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Sherbrooke Park Advisers LLC acquired a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,526 shares of the semiconductor company’s stock, valued at approximately $456,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in Axcelis Technologies by 90.6% during the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 173 shares in the last quarter. Avior Wealth Management LLC grew its holdings in Axcelis Technologies by 1,153.8% during the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in Axcelis Technologies by 1,415.2% during the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 467 shares in the last quarter. Blue Trust Inc. grew its holdings 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 purchasing an additional 289 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Axcelis Technologies by 184.3% during 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 in the last quarter. 89.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ACLS shares. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. B. Riley reissued a “neutral” rating and set a $50.00 price objective (down previously from $80.00) on shares of Axcelis Technologies in a report on Monday, April 21st. Finally, William Blair lowered Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $131.00.

Axcelis Technologies Stock Down 1.7%

Shares of ACLS opened at $61.58 on Friday. The firm has a market cap of $1.98 billion, a P/E ratio of 10.01, a P/E/G ratio of 4.52 and a beta of 1.52. The stock has a 50 day simple moving average of $51.93 and a two-hundred day simple moving average of $64.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $158.61.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.65. The business had revenue of $192.56 million during the quarter, compared to analyst estimates of $184.86 million. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. Axcelis Technologies’s revenue for the quarter was down 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 earnings per share. On average, 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 initiated a stock buyback program on Wednesday, March 12th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the semiconductor company to buy up to 5.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors 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.