Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 53.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,376 shares of the semiconductor company’s stock after selling 38,645 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of Axcelis Technologies worth $2,332,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ACLS. 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 last quarter. Capital Advisors Ltd. LLC lifted its stake in Axcelis Technologies by 1,415.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 467 shares in the last quarter. Blue Trust Inc. lifted its stake 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 purchasing an additional 289 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Axcelis Technologies by 184.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 433 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in Axcelis Technologies in the 3rd quarter worth approximately $69,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Stock Down 1.9 %

ACLS stock opened at $57.19 on Wednesday. The firm has a market cap of $1.84 billion, a PE ratio of 9.30, a PEG ratio of 4.52 and a beta of 1.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.05 and a current ratio of 5.41. The firm’s 50 day moving average price is $64.33 and its 200-day moving average price is $78.68. Axcelis Technologies, Inc. has a one year low of $53.67 and a one year high of $158.61.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. On average, equities research analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Axcelis Technologies announced that its board has authorized a stock buyback plan on Wednesday, March 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to buy up to 5.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ACLS shares. William Blair lowered shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Craig Hallum decreased 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. 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, the stock has a consensus rating of “Hold” and a consensus price target of $154.00.

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.