Jump Financial LLC Has $3.11 Million Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Jump Financial LLC raised its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 415.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 44,460 shares of the semiconductor company’s stock after acquiring an additional 35,841 shares during the period. Jump Financial LLC owned approximately 0.14% of Axcelis Technologies worth $3,106,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. increased its stake in Axcelis Technologies by 78,037.4% during the 4th quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company’s stock valued at $54,649,000 after purchasing an additional 781,154 shares in the last quarter. Norges Bank acquired a new stake in shares of Axcelis Technologies in the 4th quarter worth about $36,050,000. Reinhart Partners LLC. raised 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 acquiring an additional 348,504 shares during the last quarter. Boston Trust Walden Corp boosted its stake 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. increased its holdings in 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 in the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Trading Up 0.4 %

NASDAQ:ACLS opened at $44.78 on Friday. The firm’s 50 day moving average is $54.73 and its 200 day moving average is $70.50. Axcelis Technologies, Inc. has a 12 month low of $40.40 and a 12 month high of $158.61. The stock has a market capitalization of $1.44 billion, a PE ratio of 7.28, a price-to-earnings-growth ratio of 4.52 and a beta of 1.59. The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.29. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. Sell-side analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Axcelis Technologies declared that its board has approved a share buyback program on Wednesday, March 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 5.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts recently issued reports on ACLS shares. William Blair cut Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research report 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 on the stock in a research report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $154.00.

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.