Public Sector Pension Investment Board Decreases Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Public Sector Pension Investment Board reduced its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 3.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 69,187 shares of the semiconductor company’s stock after selling 2,400 shares during the period. Public Sector Pension Investment Board’s holdings in Axcelis Technologies were worth $7,254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in shares of Axcelis Technologies by 40.0% during the third quarter. Van ECK Associates Corp now owns 23,751 shares of the semiconductor company’s stock valued at $2,490,000 after purchasing an additional 6,786 shares during the period. Harbor Capital Advisors Inc. increased its stake in Axcelis Technologies by 309.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 17,549 shares of the semiconductor company’s stock worth $2,495,000 after buying an additional 13,258 shares during the period. Royce & Associates LP grew its stake in shares of Axcelis Technologies by 157.1% during the third quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company’s stock valued at $28,694,000 after acquiring an additional 167,235 shares in the last quarter. Annex Advisory Services LLC increased its position in shares of Axcelis Technologies by 72.0% during the third quarter. Annex Advisory Services LLC now owns 12,226 shares of the semiconductor company’s stock worth $1,282,000 after acquiring an additional 5,118 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of Axcelis Technologies by 984.4% in the second quarter. Creative Planning now owns 30,861 shares of the semiconductor company’s stock worth $4,388,000 after acquiring an additional 28,015 shares in the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Axcelis Technologies Stock Performance

Shares of ACLS opened at $74.24 on Friday. The stock has a market capitalization of $2.41 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 2.29 and a beta of 1.60. The business’s fifty day moving average price is $89.45 and its 200 day moving average price is $109.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. Axcelis Technologies, Inc. has a 12-month low of $69.35 and a 12-month high of $158.61.

Analysts Set New Price Targets

Several research firms have issued reports on ACLS. Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. B. Riley dropped their price target on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Three 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 currently has an average rating of “Moderate Buy” and a consensus target price of $167.33.

Axcelis Technologies 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.