Intech Investment Management LLC Purchases 6,782 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Intech Investment Management LLC lifted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 157.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,094 shares of the semiconductor company’s stock after acquiring an additional 6,782 shares during the quarter. Intech Investment Management LLC’s holdings in Axcelis Technologies were worth $1,163,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Signaturefd LLC raised its holdings in Axcelis Technologies by 348.9% during the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 164 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Axcelis Technologies by 223.8% during the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock worth $39,000 after buying an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Axcelis Technologies in the second quarter valued at approximately $39,000. Isthmus Partners LLC boosted its stake in Axcelis Technologies by 87.3% in the second quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 15,507 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Axcelis Technologies during the 2nd quarter worth $69,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Trading Down 3.9 %

NASDAQ ACLS opened at $74.45 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. The stock’s 50-day moving average is $91.06 and its 200-day moving average is $110.67. Axcelis Technologies, Inc. has a one year low of $69.35 and a one year high of $158.61. The firm has a market cap of $2.42 billion, a P/E ratio of 11.01, a P/E/G ratio of 2.34 and a beta of 1.60.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Finally, B. Riley lowered their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.33.

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.