New Age Alpha Advisors LLC Takes Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

New Age Alpha Advisors LLC purchased a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,871 shares of the semiconductor company’s stock, valued at approximately $131,000.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in Axcelis Technologies by 78,037.4% in the 4th quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company’s stock worth $54,649,000 after acquiring an additional 781,154 shares during the last quarter. Norges Bank bought a new stake in shares of Axcelis Technologies in the fourth quarter worth about $36,050,000. Reinhart Partners LLC. increased its holdings in Axcelis Technologies by 50.7% during the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock valued at $72,393,000 after purchasing an additional 348,504 shares during the period. Boston Trust Walden Corp raised its position 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 valued at $57,302,000 after purchasing an additional 313,689 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Axcelis Technologies by 37.8% in the 4th quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company’s stock worth $74,069,000 after buying an additional 290,678 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Up 1.3 %

NASDAQ:ACLS opened at $50.96 on Thursday. The firm’s 50-day moving average price is $60.54 and its 200-day moving average price is $75.24. The company has a market capitalization of $1.64 billion, a PE ratio of 8.29, a P/E/G ratio of 4.52 and a beta of 1.62. 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, Inc. has a 1-year low of $47.23 and a 1-year high of $158.61.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data 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%. On average, equities analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Axcelis Technologies declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 5.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Craig Hallum reduced their price objective on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Finally, William Blair lowered shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Axcelis Technologies has an average rating of “Hold” and an average price target of $154.00.

Axcelis Technologies Company 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.