Skandinaviska Enskilda Banken AB publ Has $576,000 Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 21.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,232 shares of the semiconductor company’s stock after acquiring an additional 1,453 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Axcelis Technologies were worth $576,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC grew its stake in shares of Axcelis Technologies by 51.4% during the third quarter. FMR LLC now owns 263,332 shares of the semiconductor company’s stock worth $27,610,000 after purchasing an additional 89,453 shares during the period. Reinhart Partners LLC. grew its position in shares of Axcelis Technologies by 50.7% during the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock worth $72,393,000 after buying an additional 348,504 shares during the period. Intech Investment Management LLC increased its stake in shares of Axcelis Technologies by 157.3% in the 3rd quarter. Intech Investment Management LLC now owns 11,094 shares of the semiconductor company’s stock valued at $1,163,000 after acquiring an additional 6,782 shares during the last quarter. Pier Capital LLC raised its position in shares of Axcelis Technologies by 101.4% in the 3rd quarter. Pier Capital LLC now owns 82,990 shares of the semiconductor company’s stock valued at $8,702,000 after acquiring an additional 41,782 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Axcelis Technologies during the third quarter valued at approximately $1,304,000. Institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

ACLS has been the topic of several analyst reports. Craig Hallum cut their target price on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. William Blair downgraded Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Axcelis Technologies presently has a consensus rating of “Hold” and an average price target of $154.00.

Axcelis Technologies Price Performance

Shares of NASDAQ ACLS opened at $58.27 on Tuesday. The company has a fifty day moving average price of $64.66 and a 200 day moving average price of $79.05. The firm has a market cap of $1.87 billion, a PE ratio of 9.47, a PEG ratio of 4.52 and a beta of 1.62. 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 posted its quarterly earnings data 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 21.02% and a net margin of 19.75%. Research analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Axcelis Technologies announced that its Board of Directors has approved a share buyback program on Wednesday, March 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.