Centiva Capital LP Makes New $2.19 Million Investment in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Centiva Capital LP bought a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,914 shares of the semiconductor company's stock, valued at approximately $2,193,000. Centiva Capital LP owned approximately 0.06% of Axcelis Technologies as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Signaturefd LLC boosted its position in Axcelis Technologies by 348.9% during the second quarter. Signaturefd LLC now owns 211 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 164 shares during the period. Blue Trust Inc. lifted its position in Axcelis Technologies by 223.8% during the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Axcelis Technologies during the second quarter valued at about $39,000. Isthmus Partners LLC grew its position in shares of 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 purchasing an additional 15,507 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Axcelis Technologies in the second quarter worth about $69,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ACLS shares. Benchmark lowered Axcelis Technologies from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $167.33.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS traded down $1.12 during trading hours on Tuesday, reaching $76.15. The stock had a trading volume of 212,563 shares, compared to its average volume of 634,974. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 2.31 and a beta of 1.53. Axcelis Technologies, Inc. has a twelve month low of $69.35 and a twelve month high of $158.61. The business's fifty day moving average is $88.95 and its two-hundred day moving average is $109.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29.

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.