Oppenheimer Asset Management Inc. Acquires 1,056 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Oppenheimer Asset Management Inc. grew its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 30.7% in the fourth quarter, HoldingsChannel reports. The fund owned 4,492 shares of the semiconductor company’s stock after buying an additional 1,056 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Axcelis Technologies were worth $314,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Avior Wealth Management LLC lifted its position in Axcelis Technologies by 1,153.8% during the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 450 shares during the period. Capital Advisors Ltd. LLC lifted its position in Axcelis Technologies by 1,415.2% during the fourth quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 467 shares during the period. Blue Trust Inc. lifted its position in 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 during the period. Truvestments Capital LLC bought a new stake in Axcelis Technologies during the third quarter worth about $69,000. Finally, Palouse Capital Management Inc. bought a new stake in Axcelis Technologies during the fourth quarter worth about $79,000. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Up 0.6 %

ACLS stock opened at $58.88 on Friday. The stock has a market capitalization of $1.91 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52. 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, Inc. has a 12 month low of $53.67 and a 12 month high of $158.61. The firm has a 50-day moving average price of $66.36 and a 200-day moving average price of $82.08.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ACLS shares. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. William Blair cut shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Finally, Craig Hallum dropped their target price on shares of 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 given a buy rating to the company. According to MarketBeat, Axcelis Technologies presently has a consensus rating of “Hold” and a consensus target price of $154.00.

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.