Donald Smith buys $136,799,661 stake in Axcelis Technologies Inc (ACLS)

Axcelis Technologies Inc (ACLS) : Donald Smith scooped up 8,527,880 additional shares in Axcelis Technologies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 11,352,669 shares of Axcelis Technologies Inc which is valued at $136,799,661.Axcelis Technologies Inc makes up approximately 3.49% of Donald Smith’s portfolio.

Other Hedge Funds, Including , Tfs Capital reduced its stake in ACLS by selling 142,651 shares or 97.22% in the most recent quarter. The Hedge Fund company now holds 4,082 shares of ACLS which is valued at $49,188. Axcelis Technologies Inc makes up approx 0.01% of Tfs Capital’s portfolio. Acrospire Investment Management sold out all of its stake in ACLS during the most recent quarter. The investment firm sold 4,787 shares of ACLS which is valued $57,300. Glenmede Trust Co Na sold out all of its stake in ACLS during the most recent quarter. The investment firm sold 193 shares of ACLS which is valued $2,225.

Axcelis Technologies Inc (ACLS) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $11.91 and reached the intraday high at $12.05. The bulls started the profit booking and pushed the shares to intraday low of $11.88. The trading session was marked by a volume range of 83,769 shares exchanging hands. The 52-week high of the shares is $13.98 and the 52-week low is $7.16. The market cap of the company stands at $347 M and there are 2,91,58,172 shares in public circulation.

On the company’s financial health, Axcelis Technologies Inc reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.04. The company had revenue of $64.45 million for the quarter, compared to analysts expectations of $65.43 million. The company’s revenue was down -17.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.

Axcelis Technologies Inc. designs manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company sells its equipment to semiconductor chip manufacturers across the world. In addition to equipment it provides aftermarket lifecycle products and services including used tools spare parts equipment upgrades maintenance services and customer training. Its customers are located in the United States Europe and Asia Pacific. The Company offers a line of high energy high current and medium current implanters for all application requirements. Its newest systems are all based on a common Purion platform which offers purity precision and productivity by combining a single wafer end station enabling unmatched throughput (500 wafers per hour) and a spot beam. Its Purion XE is the high energy system which combines Axcelis’ production-proven RF Linac high energy spot beam technology with the Purion platform.

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