Intech Investment Management LLC Grows Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Intech Investment Management LLC boosted its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 157.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,094 shares of the semiconductor company's stock after purchasing an additional 6,782 shares during the quarter. Intech Investment Management LLC's holdings in Axcelis Technologies were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position 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 buying an additional 55,048 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Axcelis Technologies by 27.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,293 shares of the semiconductor company's stock valued at $136,000 after buying an additional 280 shares in the last quarter. Quest Partners LLC raised its position in shares of Axcelis Technologies by 51.2% during the 3rd quarter. Quest Partners LLC now owns 3,975 shares of the semiconductor company's stock valued at $417,000 after buying an additional 1,346 shares in the last quarter. Royce & Associates LP raised its position in shares of Axcelis Technologies by 157.1% during the 3rd quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company's stock valued at $28,694,000 after buying an additional 167,235 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Axcelis Technologies by 30.3% during the 3rd quarter. KBC Group NV now owns 934 shares of the semiconductor company's stock valued at $98,000 after buying an additional 217 shares in the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ACLS shares. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a research report on Friday, November 8th. B. Riley reduced 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. Finally, Benchmark lowered shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.33.

Axcelis Technologies Stock Down 1.3 %

NASDAQ:ACLS traded down $0.94 during mid-day trading on Wednesday, hitting $73.51. 376,810 shares of the company's stock were exchanged, compared to its average volume of 638,642. Axcelis Technologies, Inc. has a one year low of $69.35 and a one year high of $158.61. 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 business has a fifty day moving average price of $91.06 and a 200 day moving average price of $110.67. The company has a market cap of $2.39 billion, a PE ratio of 11.01, a P/E/G ratio of 2.41 and a beta of 1.60.

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.