Strategic Financial Concepts LLC Makes New Investment in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Strategic Financial Concepts LLC bought a new stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,411 shares of the semiconductor company’s stock, valued at approximately $727,000.

Several other large investors also recently added to or reduced their stakes in ACLS. Avior Wealth Management LLC boosted its position 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 worth $34,000 after acquiring an additional 450 shares during the period. Blue Trust Inc. increased its stake 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 during the period. Truvestments Capital LLC acquired a new position in Axcelis Technologies in the 3rd quarter valued at approximately $69,000. KBC Group NV increased its stake in Axcelis Technologies by 46.8% in the 4th quarter. KBC Group NV now owns 1,371 shares of the semiconductor company’s stock valued at $96,000 after buying an additional 437 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake 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 during the period. 89.98% of the stock is owned by institutional investors and hedge funds.

Axcelis Technologies Stock Up 0.2 %

Shares of ACLS stock opened at $63.61 on Thursday. The stock’s 50 day simple moving average is $69.30 and its 200 day simple moving average is $85.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.05 and a current ratio of 5.41. Axcelis Technologies, Inc. has a twelve month low of $56.32 and a twelve month high of $158.61. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 4.37 and a beta of 1.52.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, beating 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%. As a group, research analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Analyst Ratings Changes

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

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.