Landscape Capital Management L.L.C. Raises Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Landscape Capital Management L.L.C. lifted its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 29.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,075 shares of the semiconductor company’s stock after purchasing an additional 1,621 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Axcelis Technologies were worth $494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC increased its stake in Axcelis Technologies by 90.6% in the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company’s stock worth $25,000 after buying an additional 173 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Axcelis Technologies by 1,153.8% during the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in Axcelis Technologies by 1,415.2% during the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 467 shares during the period. Blue Trust Inc. lifted its holdings in Axcelis Technologies by 85.5% in the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 289 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Axcelis Technologies by 184.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 433 shares during the period. 89.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ACLS has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research report on Wednesday, February 12th. William Blair cut shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Finally, Craig Hallum cut their price objective on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Axcelis Technologies has a consensus rating of “Hold” and an average target price of $154.00.

Axcelis Technologies Stock Down 5.3 %

Shares of ACLS opened at $42.42 on Monday. The company has a quick ratio of 4.05, a current ratio of 5.41 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 52-week low of $39.26 and a 52-week high of $158.61. The company has a market cap of $1.36 billion, a PE ratio of 6.90, a P/E/G ratio of 4.52 and a beta of 1.62. The business has a fifty day moving average of $59.45 and a 200 day moving average of $74.29.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, beating 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, sell-side analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

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

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.