Aigen Investment Management LP Acquires New Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Aigen Investment Management LP bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,190 shares of the semiconductor company’s stock, valued at approximately $223,000.

Several other hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its stake in Axcelis Technologies by 5.8% during the third quarter. Crossmark Global Holdings Inc. now owns 2,398 shares of the semiconductor company’s stock worth $251,000 after purchasing an additional 132 shares during the last quarter. KBC Group NV raised its holdings in shares of Axcelis Technologies by 30.3% during the third quarter. KBC Group NV now owns 934 shares of the semiconductor company’s stock worth $98,000 after purchasing an additional 217 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Axcelis Technologies by 27.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,293 shares of the semiconductor company’s stock worth $136,000 after buying an additional 280 shares during the last quarter. Blue Trust Inc. boosted its holdings 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 buying an additional 289 shares during the period. Finally, Kensington Investment Counsel LLC grew its position in shares of Axcelis Technologies by 14.8% during the 3rd quarter. Kensington Investment Counsel LLC now owns 2,313 shares of the semiconductor company’s stock valued at $243,000 after buying an additional 299 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ACLS shares. William Blair cut shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Craig Hallum cut 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. Finally, Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $154.00.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS opened at $60.63 on Monday. Axcelis Technologies, Inc. has a 12-month low of $53.67 and a 12-month high of $158.61. The company has a market cap of $1.95 billion, a PE ratio of 9.86, a P/E/G ratio of 4.52 and a beta of 1.62. The stock has a 50 day simple moving average of $66.15 and a 200-day simple 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 (NASDAQ:ACLS) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (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%. On average, equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Axcelis Technologies Company 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.