Strategic Financial Concepts LLC Purchases Shares of 10,411 Axcelis Technologies, Inc. (NASDAQ:ACLS)

Strategic Financial Concepts LLC purchased a new stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,411 shares of the semiconductor company’s stock, valued at approximately $727,000.

A number of other large investors have also made changes to their positions in the company. Nisa Investment Advisors LLC grew its stake in shares of Axcelis Technologies by 11.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company’s stock valued at $112,000 after purchasing an additional 114 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Axcelis Technologies by 5.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,398 shares of the semiconductor company’s stock valued at $251,000 after purchasing an additional 132 shares during the period. CFM Wealth Partners LLC grew its stake in shares of Axcelis Technologies by 0.7% during the 3rd quarter. CFM Wealth Partners LLC now owns 26,263 shares of the semiconductor company’s stock valued at $2,929,000 after purchasing an additional 186 shares during the period. KBC Group NV grew its stake in shares of Axcelis Technologies by 30.3% during the 3rd quarter. KBC Group NV now owns 934 shares of the semiconductor company’s stock valued at $98,000 after acquiring an additional 217 shares during the period. Finally, CWM LLC grew its stake in shares of Axcelis Technologies by 17.7% during the 3rd quarter. CWM LLC now owns 1,772 shares of the semiconductor company’s stock valued at $186,000 after acquiring an additional 266 shares during the period. 89.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. 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 note on Wednesday, January 15th. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Finally, Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Three 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $154.00.

Axcelis Technologies Trading Down 12.3 %

ACLS stock opened at $59.30 on Wednesday. Axcelis Technologies, Inc. has a 1-year low of $57.68 and a 1-year high of $158.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 2.39 and a beta of 1.52. The business has a 50 day simple moving average of $71.28 and a two-hundred day simple moving average of $88.45.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly 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 return on equity of 24.16% and a net margin of 20.65%. Research analysts anticipate that Axcelis Technologies, Inc. will post 5.86 EPS for the current fiscal year.

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.