Dynamic Technology Lab Private Ltd Makes New $1.30 Million Investment in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Dynamic Technology Lab Private Ltd purchased a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,434 shares of the semiconductor company's stock, valued at approximately $1,304,000.

A number of other institutional investors have also recently modified their holdings of ACLS. Reinhart Partners LLC. lifted its stake in Axcelis Technologies by 64.1% during the third quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company's stock worth $72,096,000 after purchasing an additional 268,560 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Axcelis Technologies by 12.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 510,894 shares of the semiconductor company's stock valued at $53,568,000 after purchasing an additional 55,048 shares during the last quarter. Boston Trust Walden Corp bought a new stake in Axcelis Technologies in the third quarter worth approximately $53,099,000. American Century Companies Inc. lifted its stake in shares of Axcelis Technologies by 11.2% in the second quarter. American Century Companies Inc. now owns 385,181 shares of the semiconductor company's stock valued at $54,769,000 after buying an additional 38,827 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY raised its stake in shares of Axcelis Technologies by 5.9% in the second quarter. Paradigm Capital Management Inc. NY now owns 349,200 shares of the semiconductor company's stock worth $49,653,000 after purchasing an additional 19,400 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Benchmark lowered shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Finally, B. Riley lowered their target price on shares of Axcelis Technologies from $190.00 to $165.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $167.33.

Axcelis Technologies Price Performance

Shares of ACLS stock traded down $0.79 during trading on Wednesday, hitting $73.66. The company had a trading volume of 199,031 shares, compared to its average volume of 637,838. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 52 week low of $69.35 and a 52 week high of $158.61. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 2.41 and a beta of 1.60. The stock's 50-day moving average is $91.06 and its two-hundred day moving average is $110.67.

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.