Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. increased its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 118.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,204 shares of the semiconductor company’s stock after purchasing an additional 6,084 shares during the period. Bridges Investment Management Inc.’s holdings in Axcelis Technologies were worth $783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACLS. Avior Wealth Management LLC raised its position in shares of Axcelis Technologies by 1,153.8% in the 4th 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. Capital Advisors Ltd. LLC raised its position in shares of Axcelis Technologies by 1,415.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 467 shares in the last quarter. Blue Trust Inc. raised its position in shares of Axcelis Technologies by 85.5% in the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 289 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Axcelis Technologies in the 3rd quarter valued at approximately $69,000. Finally, Palouse Capital Management Inc. acquired a new position in shares of Axcelis Technologies in the 4th quarter valued at approximately $79,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ACLS shares. Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Craig Hallum lowered their price target on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Finally, William Blair downgraded Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $154.00.

Axcelis Technologies Price Performance

Shares of NASDAQ ACLS opened at $54.72 on Monday. Axcelis Technologies, Inc. has a twelve month low of $53.67 and a twelve month high of $158.61. The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52. The business has a 50 day simple moving average of $67.53 and a 200-day simple moving average of $83.27.

Axcelis Technologies (NASDAQ:ACLS) last issued 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 21.02% and a net margin of 19.75%. As a group, equities research analysts expect that Axcelis Technologies, Inc. will post 2.55 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.