Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 40.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,751 shares of the semiconductor company's stock after acquiring an additional 6,786 shares during the quarter. Van ECK Associates Corp owned 0.07% of Axcelis Technologies worth $2,490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of ACLS. CWM LLC increased its holdings in Axcelis Technologies by 4.8% in the second quarter. CWM LLC now owns 1,506 shares of the semiconductor company's stock valued at $214,000 after buying an additional 69 shares during the last quarter. Xponance Inc. increased its holdings in shares of Axcelis Technologies by 4.7% in the 2nd quarter. Xponance Inc. now owns 2,061 shares of the semiconductor company's stock valued at $293,000 after acquiring an additional 92 shares during the last quarter. Andina Capital Management LLC raised its position in shares of Axcelis Technologies by 3.7% during the 2nd quarter. Andina Capital Management LLC now owns 2,791 shares of the semiconductor company's stock worth $397,000 after acquiring an additional 99 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Axcelis Technologies by 17.5% during the first quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company's stock worth $75,000 after purchasing an additional 100 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in Axcelis Technologies by 6.1% in the second quarter. Evergreen Capital Management LLC now owns 1,984 shares of the semiconductor company's stock valued at $282,000 after purchasing an additional 114 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on ACLS shares. DA Davidson boosted their price objective on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday, July 15th. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research report on Friday. B. Riley decreased their price objective 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, Benchmark cut Axcelis Technologies from a "buy" rating to a "hold" rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $167.33.

Axcelis Technologies Stock Performance

ACLS stock traded up $0.25 on Monday, hitting $85.33. The company's stock had a trading volume of 752,280 shares, compared to its average volume of 631,005. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 2.65 and a beta of 1.60. The firm has a 50 day moving average of $96.91 and a two-hundred day moving average of $113.35. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a 1 year low of $81.47 and a 1 year high of $158.61.

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.