Axcelis Technologies, Inc. (NASDAQ:ACLS) Stake Cut by Fox Run Management L.L.C.

Fox Run Management L.L.C. trimmed its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 45.0% during the fourth quarter, Holdings Channel reports. The firm owned 3,978 shares of the semiconductor company’s stock after selling 3,255 shares during the quarter. Fox Run Management L.L.C.’s holdings in Axcelis Technologies were worth $278,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. State Street Corp lifted its holdings in Axcelis Technologies by 1.5% in the third quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company’s stock worth $129,310,000 after acquiring an additional 18,101 shares during the last quarter. American Century Companies Inc. raised its position in shares of Axcelis Technologies by 37.8% during the 4th quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company’s stock worth $74,069,000 after purchasing an additional 290,678 shares during the period. Reinhart Partners LLC. lifted its holdings in shares of Axcelis Technologies by 50.7% in the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock worth $72,393,000 after purchasing an additional 348,504 shares during the last quarter. Geode Capital Management LLC boosted its position in Axcelis Technologies by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company’s stock valued at $91,708,000 after purchasing an additional 28,141 shares during the period. Finally, Boston Trust Walden Corp increased its position in Axcelis Technologies by 61.9% in the fourth 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 during the period. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Price Performance

NASDAQ ACLS opened at $53.78 on Friday. Axcelis Technologies, Inc. has a 12 month low of $52.75 and a 12 month high of $158.61. The firm has a market capitalization of $1.73 billion, a PE ratio of 8.74, a P/E/G ratio of 4.52 and a beta of 1.62. The company’s 50 day simple moving average is $62.23 and its 200 day simple moving average is $76.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. As a group, equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies announced that its Board of Directors has authorized a share buyback program on Wednesday, March 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the semiconductor company to purchase up to 5.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ACLS. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. Craig Hallum dropped their price target on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, William Blair downgraded Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Axcelis Technologies presently has an average rating of “Hold” and a consensus 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.