Strategic Financial Concepts LLC Invests $727,000 in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Strategic Financial Concepts LLC acquired a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,411 shares of the semiconductor company’s stock, valued at approximately $727,000.

Several other hedge funds have also modified their holdings of the company. State Street Corp raised its holdings in shares of Axcelis Technologies by 1.5% during the 3rd quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company’s stock worth $129,310,000 after acquiring an additional 18,101 shares in the last quarter. Reinhart Partners LLC. raised its holdings in Axcelis Technologies by 50.7% during the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock valued at $72,393,000 after buying an additional 348,504 shares during the period. Geode Capital Management LLC raised its holdings in Axcelis Technologies by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company’s stock valued at $91,708,000 after buying an additional 28,141 shares during the period. Boston Trust Walden Corp raised its holdings in Axcelis Technologies by 61.9% during the 4th quarter. Boston Trust Walden Corp now owns 820,116 shares of the semiconductor company’s stock valued at $57,302,000 after buying an additional 313,689 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in Axcelis Technologies by 78,037.4% during the 4th quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company’s stock valued at $54,649,000 after buying an additional 781,154 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Axcelis Technologies Stock Performance

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

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share 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%. Analysts predict that Axcelis Technologies, Inc. will post 5.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Finally, Craig Hallum decreased their price target on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $154.00.

About Axcelis Technologies

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.