Westover Capital Advisors LLC Buys 239 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Westover Capital Advisors LLC increased its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,818 shares of the semiconductor company’s stock after buying an additional 239 shares during the quarter. Westover Capital Advisors LLC’s holdings in Axcelis Technologies were worth $495,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ACLS. Rakuten Securities Inc. bought a new position in Axcelis Technologies during the 4th quarter valued at about $27,000. NBC Securities Inc. bought a new position in Axcelis Technologies in the 3rd quarter valued at $28,000. Clearstead Advisors LLC bought a new position in Axcelis Technologies in the 3rd quarter valued at $33,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Axcelis Technologies during the third quarter worth $34,000. Finally, Global Retirement Partners LLC lifted its position in shares of Axcelis Technologies by 1,188.0% during the fourth quarter. Global Retirement Partners LLC now owns 322 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 297 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Up 5.2 %

Axcelis Technologies stock traded up $5.32 during mid-day trading on Thursday, reaching $107.02. 763,070 shares of the company were exchanged, compared to its average volume of 665,730. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.71 and a current ratio of 3.79. The firm has a market cap of $3.49 billion, a P/E ratio of 12.87, a PEG ratio of 1.11 and a beta of 1.64. The business has a fifty day moving average of $107.85 and a 200 day moving average of $121.98. Axcelis Technologies, Inc. has a 12-month low of $93.77 and a 12-month high of $201.00.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.33. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The firm had revenue of $252.37 million during the quarter, compared to analysts’ expectations of $242.61 million. During the same period in the prior year, the business posted $1.43 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Research analysts anticipate that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ACLS shares. B. Riley Financial lowered their price objective on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. B. Riley decreased their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $189.00.

Insider Activity

In other news, EVP Douglas A. Lawson acquired 500 shares of Axcelis Technologies stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the purchase, the executive vice president now directly owns 19,648 shares in the company, valued at approximately $2,181,713.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.43% of the company’s stock.

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.