Axcelis Technologies, Inc. (NASDAQ:ACLS) Holdings Raised by Peterson Wealth Services

Peterson Wealth Services grew its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 12.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,693 shares of the semiconductor company’s stock after acquiring an additional 868 shares during the period. Peterson Wealth Services’ holdings in Axcelis Technologies were worth $538,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Avior Wealth Management LLC grew its stake in Axcelis Technologies by 1,153.8% in the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 450 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Axcelis Technologies by 85.5% during the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 289 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Axcelis Technologies in the 3rd quarter valued at approximately $69,000. KBC Group NV increased its holdings in Axcelis Technologies by 30.3% in the third quarter. KBC Group NV now owns 934 shares of the semiconductor company’s stock worth $98,000 after buying an additional 217 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Axcelis Technologies by 37.2% during the third quarter. GAMMA Investing LLC now owns 999 shares of the semiconductor company’s stock valued at $105,000 after acquiring an additional 271 shares in the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ACLS. Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Craig Hallum lowered their target price 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, Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $154.00.

Axcelis Technologies Stock Performance

Shares of ACLS opened at $67.58 on Tuesday. The company has a market capitalization of $2.20 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. Axcelis Technologies, Inc. has a one year low of $63.08 and a one year high of $158.61. The company’s fifty day moving average price is $71.47 and its 200 day moving average price is $88.83.

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 analysts’ consensus estimates of $1.25 by $0.29. Axcelis Technologies had a return on equity of 24.16% and a net margin of 20.65%. As a group, analysts expect that Axcelis Technologies, Inc. will post 5.86 earnings per share for the current year.

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.