Geode Capital Management LLC Purchases 28,141 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Geode Capital Management LLC increased its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 874,516 shares of the semiconductor company's stock after purchasing an additional 28,141 shares during the period. Geode Capital Management LLC owned approximately 2.69% of Axcelis Technologies worth $91,708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ACLS. Signaturefd LLC lifted its stake 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 last quarter. Blue Trust Inc. lifted its position in Axcelis Technologies by 223.8% in the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company's stock worth $39,000 after buying an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Axcelis Technologies in the second quarter worth approximately $39,000. Isthmus Partners LLC grew its position in Axcelis Technologies by 87.3% during the second quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company's stock valued at $47,000 after acquiring an additional 15,507 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Axcelis Technologies during the second quarter worth approximately $69,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Axcelis Technologies Trading Up 0.4 %

ACLS traded up $0.29 during trading on Friday, hitting $69.47. 2,322,081 shares of the stock traded hands, compared to its average volume of 636,539. The firm has a 50-day moving average of $81.24 and a 200 day moving average of $105.92. Axcelis Technologies, Inc. has a 12-month low of $68.23 and a 12-month high of $158.61. The firm has a market capitalization of $2.26 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 2.36 and a beta of 1.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Benchmark lowered shares of 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 note on Friday, November 8th. Three 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 a consensus price target of $167.33.

Axcelis Technologies Company 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.