AlphaQuest LLC Has $1.17 Million Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

AlphaQuest LLC boosted its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 322.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,809 shares of the semiconductor company’s stock after purchasing an additional 12,834 shares during the period. AlphaQuest LLC’s holdings in Axcelis Technologies were worth $1,174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amundi raised its position in Axcelis Technologies by 15.1% in the fourth quarter. Amundi now owns 489,251 shares of the semiconductor company’s stock worth $35,764,000 after purchasing an additional 64,256 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in Axcelis Technologies by 8.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 6,503 shares of the semiconductor company’s stock worth $501,000 after purchasing an additional 517 shares in the last quarter. Inceptionr LLC acquired a new position in Axcelis Technologies in the fourth quarter worth about $595,000. Raymond James Financial Inc. acquired a new position in Axcelis Technologies in the fourth quarter worth about $397,000. Finally, Aigen Investment Management LP acquired a new position in Axcelis Technologies in the fourth quarter worth about $223,000. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

NASDAQ ACLS opened at $60.63 on Monday. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 4.52 and a beta of 1.62. The company has a 50 day moving average of $66.15 and a 200-day moving average of $81.24. 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, Inc. has a 1-year low of $53.67 and a 1-year high of $158.61.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ACLS shares. William Blair lowered shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th. Craig Hallum dropped their price target on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Axcelis Technologies currently has an average rating of “Hold” and an average price target of $154.00.

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.