BNP Paribas Financial Markets Lowers Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

BNP Paribas Financial Markets lowered its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 47.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,688 shares of the semiconductor company's stock after selling 25,597 shares during the quarter. BNP Paribas Financial Markets owned about 0.09% of Axcelis Technologies worth $3,008,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Advisors LLC boosted its stake in Axcelis Technologies by 36.1% during the first quarter. Cetera Advisors LLC now owns 2,593 shares of the semiconductor company's stock valued at $289,000 after buying an additional 688 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Axcelis Technologies by 173.7% during the 2nd quarter. GAMMA Investing LLC now owns 728 shares of the semiconductor company's stock valued at $104,000 after acquiring an additional 462 shares during the last quarter. CWM LLC grew its holdings in shares of 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 purchasing an additional 69 shares in the last quarter. Linden Thomas Advisory Services LLC bought a new stake in Axcelis Technologies in the second quarter worth $251,000. Finally, QRG Capital Management Inc. purchased a new stake in Axcelis Technologies during the second quarter valued at $222,000. Institutional investors own 89.98% of the company's stock.

Axcelis Technologies Trading Up 0.9 %

Shares of Axcelis Technologies stock traded up $0.68 during trading on Friday, hitting $74.19. The stock had a trading volume of 444,207 shares, compared to its average volume of 634,255. 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 has a market cap of $2.41 billion, a PE ratio of 10.97, a PEG ratio of 2.37 and a beta of 1.53. Axcelis Technologies, Inc. has a 12 month low of $69.35 and a 12 month high of $158.61. The firm's fifty day simple moving average is $86.54 and its 200-day simple moving average is $108.58.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ACLS shares. Benchmark cut shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.