Edmond DE Rothschild Holding S.A. Buys 585 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Edmond DE Rothschild Holding S.A. increased its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 44.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,910 shares of the semiconductor company’s stock after acquiring an additional 585 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Axcelis Technologies were worth $133,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ACLS. FMR LLC raised its holdings in shares of Axcelis Technologies by 51.4% in the 3rd quarter. FMR LLC now owns 263,332 shares of the semiconductor company’s stock valued at $27,610,000 after purchasing an additional 89,453 shares in the last quarter. Reinhart Partners LLC. lifted its holdings in Axcelis Technologies by 50.7% during the fourth quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock worth $72,393,000 after buying an additional 348,504 shares during the period. Pier Capital LLC boosted its position in Axcelis Technologies by 101.4% during the 3rd quarter. Pier Capital LLC now owns 82,990 shares of the semiconductor company’s stock valued at $8,702,000 after acquiring an additional 41,782 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Axcelis Technologies in the 3rd quarter valued at $13,874,000. Finally, State Street Corp raised its position in shares of Axcelis Technologies by 1.5% in the 3rd 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 in the last quarter. 89.98% of the stock is owned by institutional investors.

Axcelis Technologies Price Performance

Shares of ACLS stock opened at $50.96 on Thursday. Axcelis Technologies, Inc. has a fifty-two week low of $47.23 and a fifty-two week high of $158.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.05 and a current ratio of 5.41. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 4.52 and a beta of 1.62. The stock’s 50-day simple moving average is $60.54 and its 200-day simple moving average is $75.24.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share 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 analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ACLS. Craig Hallum dropped their price objective on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. William Blair cut 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 research report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Axcelis Technologies 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.