Empowered Funds LLC Buys New Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Empowered Funds LLC bought a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,655 shares of the semiconductor company’s stock, valued at approximately $465,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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 buying an additional 450 shares in the last quarter. Blue Trust Inc. increased its position in Axcelis Technologies by 85.5% in the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 289 shares in the last quarter. Truvestments Capital LLC bought a new stake in Axcelis Technologies in the 3rd quarter valued at about $69,000. KBC Group NV increased its position in Axcelis Technologies by 30.3% in the 3rd quarter. KBC Group NV now owns 934 shares of the semiconductor company’s stock valued at $98,000 after buying an additional 217 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Axcelis Technologies by 11.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company’s stock valued at $112,000 after buying an additional 114 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACLS. Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. William Blair lowered Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Finally, Craig Hallum decreased their price objective on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $154.00.

Axcelis Technologies Price Performance

Shares of NASDAQ ACLS opened at $63.61 on Thursday. Axcelis Technologies, Inc. has a twelve month low of $56.32 and a twelve month high of $158.61. The stock’s 50 day moving average price is $69.30 and its 200-day moving average price is $85.89. The company has a market capitalization of $2.07 billion, a PE ratio of 10.34, a PEG ratio of 4.37 and a beta of 1.52. 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 earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.29. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. On average, equities analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

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.