Vanguard Group Inc. increased its stake in Axcelis Technologies Inc (NASDAQ:ACLS) by 0.5% in the 3rd quarter, Holdings Channel reports. The firm owned 1,957,527 shares of the semiconductor company’s stock after purchasing an additional 10,175 shares during the period. Vanguard Group Inc. owned 0.06% of Axcelis Technologies worth $38,465,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in Axcelis Technologies by 120.2% in the 3rd quarter. Victory Capital Management Inc. now owns 16,591 shares of the semiconductor company’s stock worth $326,000 after purchasing an additional 9,055 shares during the last quarter. Bank of Montreal Can lifted its holdings in Axcelis Technologies by 168.9% in the 3rd quarter. Bank of Montreal Can now owns 21,815 shares of the semiconductor company’s stock worth $428,000 after purchasing an additional 13,703 shares during the last quarter. MetLife Investment Advisors LLC lifted its holdings in Axcelis Technologies by 58.3% in the 3rd quarter. MetLife Investment Advisors LLC now owns 22,055 shares of the semiconductor company’s stock worth $433,000 after purchasing an additional 8,121 shares during the last quarter. HL Financial Services LLC lifted its holdings in Axcelis Technologies by 31.8% in the 3rd quarter. HL Financial Services LLC now owns 22,185 shares of the semiconductor company’s stock worth $436,000 after purchasing an additional 5,358 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in Axcelis Technologies by 34.9% in the 3rd quarter. Alps Advisors Inc. now owns 23,591 shares of the semiconductor company’s stock worth $464,000 after purchasing an additional 6,099 shares during the last quarter. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Several research firms recently weighed in on ACLS. BidaskClub lowered Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. Zacks Investment Research upgraded Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, January 3rd. Benchmark upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $26.50 price target for the company in a report on Friday. Craig Hallum lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday. Finally, ValuEngine upgraded Axcelis Technologies from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 7th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.70.

Shares of ACLS traded down $0.13 on Monday, reaching $21.72. 1,405 shares of the stock traded hands, compared to its average volume of 235,834. The stock has a market cap of $708.21 million, a PE ratio of 16.70 and a beta of 1.13. Axcelis Technologies Inc has a 12 month low of $15.46 and a 12 month high of $28.35.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Wednesday, February 6th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $105.68 million for the quarter, compared to analysts’ expectations of $99.83 million. Axcelis Technologies had a return on equity of 11.39% and a net margin of 10.37%. Axcelis Technologies’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. Analysts anticipate that Axcelis Technologies Inc will post 1.24 earnings per share for the current year.

Axcelis Technologies announced that its board has initiated a share repurchase plan on Monday, January 14th that permits the company to buyback $35.00 million in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 5.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

In other news, Director John T. Kurtzweil sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $17.61, for a total transaction of $44,025.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.31% of the company’s stock.

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About Axcelis Technologies

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides dry strip equipment, curing systems, and thermal processing systems.

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Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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