1,135 Shares in Axcelis Technologies, Inc. (NASDAQ:ACLS) Acquired by Palouse Capital Management Inc.

Palouse Capital Management Inc. acquired a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,135 shares of the semiconductor company’s stock, valued at approximately $79,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its holdings in Axcelis Technologies by 1,153.8% in the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock worth $34,000 after buying an additional 450 shares during the period. Blue Trust Inc. boosted its holdings in Axcelis Technologies by 85.5% in the 4th quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock worth $44,000 after buying an additional 289 shares during the period. Truvestments Capital LLC bought a new position in Axcelis Technologies in the 3rd quarter worth approximately $69,000. KBC Group NV boosted its holdings in Axcelis Technologies by 30.3% in the 3rd 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 period. Finally, Nisa Investment Advisors LLC lifted its stake in Axcelis Technologies by 11.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company’s stock worth $112,000 after purchasing an additional 114 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

Axcelis Technologies Stock Performance

Axcelis Technologies stock opened at $61.06 on Friday. The firm’s fifty day moving average price is $70.13 and its 200-day moving average price is $86.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45. The stock has a market cap of $1.99 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52. Axcelis Technologies, Inc. has a fifty-two week low of $56.32 and a fifty-two week high of $158.61.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a net margin of 20.65% and a return on equity of 24.16%. On average, equities research analysts expect that Axcelis Technologies, Inc. will post 5.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on ACLS. William Blair cut shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Wednesday. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, 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 note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Axcelis Technologies currently has an average rating of “Hold” and an average target price 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.