Kornitzer Capital Management Inc. KS Increases Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Kornitzer Capital Management Inc. KS raised its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 32.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,080 shares of the semiconductor company's stock after purchasing an additional 15,810 shares during the period. Kornitzer Capital Management Inc. KS owned 0.20% of Axcelis Technologies worth $6,719,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ACLS. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Axcelis Technologies by 8.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,409 shares of the semiconductor company's stock valued at $5,363,000 after purchasing an additional 3,579 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Axcelis Technologies by 143.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 29,006 shares of the semiconductor company's stock worth $3,235,000 after acquiring an additional 17,084 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Axcelis Technologies during the 1st quarter worth $594,000. Texas Permanent School Fund Corp lifted its holdings in shares of Axcelis Technologies by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 28,606 shares of the semiconductor company's stock worth $3,190,000 after acquiring an additional 317 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Axcelis Technologies during the 1st quarter worth $791,000. 89.98% of the stock is owned by institutional investors.

Axcelis Technologies Trading Down 2.3 %

Shares of NASDAQ:ACLS traded down $2.02 during midday trading on Friday, hitting $85.08. 935,585 shares of the stock traded hands, compared to its average volume of 630,446. The stock has a market capitalization of $2.78 billion, a PE ratio of 11.74, a P/E/G ratio of 2.57 and a beta of 1.60. The business's 50 day moving average is $97.40 and its two-hundred day moving average is $113.22. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a one year low of $81.47 and a one year high of $158.61.

Analyst Ratings Changes

ACLS has been the subject of a number of research analyst reports. B. Riley dropped their price objective on shares of Axcelis Technologies from $190.00 to $165.00 and set a "buy" rating for the company in a report on Friday, August 2nd. Craig Hallum boosted their price target on shares of Axcelis Technologies from $130.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, July 12th. DA Davidson boosted their price target on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, July 15th. Benchmark downgraded shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a research note on Friday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.