Axcelis Technologies, Inc. (NASDAQ:ACLS) Stake Boosted by AlphaQuest LLC

AlphaQuest LLC grew its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 322.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,809 shares of the semiconductor company's stock after acquiring an additional 12,834 shares during the period. AlphaQuest LLC owned 0.05% of Axcelis Technologies worth $1,174,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. US Bancorp DE lifted its stake in shares of Axcelis Technologies by 13.5% in the 3rd quarter. US Bancorp DE now owns 4,131 shares of the semiconductor company's stock valued at $433,000 after purchasing an additional 490 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Axcelis Technologies by 40.0% in the 3rd 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 last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Axcelis Technologies by 5.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,398 shares of the semiconductor company's stock valued at $251,000 after purchasing an additional 132 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Axcelis Technologies by 6.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 18,065 shares of the semiconductor company's stock valued at $1,894,000 after purchasing an additional 1,031 shares during the last quarter. Finally, Versor Investments LP lifted its stake in shares of Axcelis Technologies by 286.7% in the 3rd quarter. Versor Investments LP now owns 7,831 shares of the semiconductor company's stock valued at $821,000 after purchasing an additional 5,806 shares during the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ACLS shares. Craig Hallum reduced their price objective on shares of Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. William Blair lowered shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Axcelis Technologies currently has an average rating of "Hold" and a consensus target price of $154.00.

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Axcelis Technologies Stock Up 3.0 %

Axcelis Technologies stock opened at $60.63 on Monday. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 9.86, a P/E/G ratio of 4.52 and a beta of 1.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05. Axcelis Technologies, Inc. has a fifty-two week low of $53.67 and a fifty-two week high of $158.61. The firm has a fifty day moving average price of $66.15 and a two-hundred day moving average price of $81.24.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.29. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. As a group, analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

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.

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