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

Sherbrooke Park Advisers 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 Securities and Exchange Commission. The firm purchased 6,526 shares of the semiconductor company’s stock, valued at approximately $456,000.

Other hedge funds have also bought and sold shares of the company. ProShare Advisors LLC boosted its holdings in Axcelis Technologies by 24.1% during the 4th quarter. ProShare Advisors LLC now owns 17,066 shares of the semiconductor company’s stock worth $1,192,000 after acquiring an additional 3,314 shares during the last quarter. Numerai GP LLC purchased a new position in Axcelis Technologies during the 4th quarter worth $1,660,000. Occudo Quantitative Strategies LP purchased a new position in Axcelis Technologies during the 4th quarter worth $620,000. Millennium Management LLC boosted its holdings in Axcelis Technologies by 148.7% during the 4th quarter. Millennium Management LLC now owns 290,270 shares of the semiconductor company’s stock worth $20,281,000 after acquiring an additional 173,574 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 acquiring an additional 731 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. B. Riley reaffirmed a “neutral” rating and set a $50.00 price objective (down from $80.00) on shares of Axcelis Technologies in a report on Monday, April 21st. William Blair downgraded shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $131.00.

Axcelis Technologies Trading Down 1.7%

NASDAQ ACLS opened at $61.58 on Friday. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 4.52 and a beta of 1.52. Axcelis Technologies, Inc. has a one year low of $40.40 and a one year high of $158.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05. The business’s fifty day moving average is $51.93 and its 200-day moving average is $64.13.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 EPS for the quarter, topping 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 analysts’ expectations of $184.86 million. During the same period in the previous year, the business posted $1.57 EPS. The business’s revenue for the quarter was down 23.7% compared to the same quarter last year. Equities research analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Axcelis Technologies announced that its Board of Directors has initiated 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 generally a sign that the company’s board believes its stock is undervalued.

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.