Palouse Capital Management Inc. Invests $79,000 in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Palouse Capital Management Inc. bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) in the fourth quarter, HoldingsChannel reports. The firm bought 1,135 shares of the semiconductor company’s stock, valued at approximately $79,000.

A number of other institutional investors also recently modified their holdings of ACLS. CWM LLC boosted its holdings in shares of Axcelis Technologies by 17.7% during the third quarter. CWM LLC now owns 1,772 shares of the semiconductor company’s stock worth $186,000 after purchasing an additional 266 shares during the period. Creative Planning boosted its holdings in shares of Axcelis Technologies by 15.6% during the third quarter. Creative Planning now owns 35,681 shares of the semiconductor company’s stock worth $3,741,000 after purchasing an additional 4,820 shares during the period. Teamwork Financial Advisors LLC purchased a new stake in shares of Axcelis Technologies during the third quarter worth about $262,000. Net Worth Advisory Group purchased a new stake in shares of Axcelis Technologies during the third quarter worth about $355,000. Finally, Guidance Capital Inc. boosted its holdings in shares of Axcelis Technologies by 11.1% during the third quarter. Guidance Capital Inc. now owns 4,242 shares of the semiconductor company’s stock worth $445,000 after purchasing an additional 423 shares during the period. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ACLS. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Wednesday. Craig Hallum lowered their price objective on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, William Blair lowered shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $154.00.

Axcelis Technologies Price Performance

Shares of NASDAQ ACLS opened at $61.06 on Friday. Axcelis Technologies, Inc. has a fifty-two week low of $56.32 and a fifty-two week high of $158.61. The company has a 50 day simple moving average of $70.13 and a two-hundred day simple moving average of $86.99. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 2.39 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.29. Axcelis Technologies had a net margin of 20.65% and a return on equity of 24.16%. Analysts expect that Axcelis Technologies, Inc. will post 5.86 EPS for the current fiscal 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.