State of Wyoming Has $389,000 Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

State of Wyoming decreased its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 12.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,573 shares of the semiconductor company’s stock after selling 777 shares during the quarter. State of Wyoming’s holdings in Axcelis Technologies were worth $389,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Boston Trust Walden Corp lifted its holdings in Axcelis Technologies by 61.9% during the 4th quarter. Boston Trust Walden Corp now owns 820,116 shares of the semiconductor company’s stock worth $57,302,000 after buying an additional 313,689 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Axcelis Technologies during the 4th quarter worth $397,000. Principal Financial Group Inc. lifted its holdings in Axcelis Technologies by 4.1% during the 4th quarter. Principal Financial Group Inc. now owns 188,559 shares of the semiconductor company’s stock worth $13,175,000 after buying an additional 7,476 shares in the last quarter. LPL Financial LLC lifted its holdings in Axcelis Technologies by 36.1% during the 4th quarter. LPL Financial LLC now owns 60,834 shares of the semiconductor company’s stock worth $4,250,000 after buying an additional 16,152 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in Axcelis Technologies during the 4th quarter worth $465,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ACLS shares. B. Riley reaffirmed 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. William Blair downgraded Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $131.00.

Axcelis Technologies Stock Performance

ACLS stock opened at $62.46 on Wednesday. The business’s fifty day moving average is $52.07 and its 200-day moving average is $63.80. The company has a quick ratio of 4.05, a current ratio of 5.41 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.01 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52. Axcelis Technologies, Inc. has a twelve month low of $40.40 and a twelve month high of $158.61.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.39 by $0.65. The business had revenue of $192.56 million for the quarter, compared to the consensus estimate of $184.86 million. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. The firm’s revenue was down 23.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 EPS. Equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Axcelis Technologies declared that its board has initiated a share buyback program on Wednesday, March 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the semiconductor company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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.