Los Angeles Capital Management LLC Reduces Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Los Angeles Capital Management LLC lessened its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 33.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,299 shares of the semiconductor company's stock after selling 11,165 shares during the quarter. Los Angeles Capital Management LLC owned 0.07% of Axcelis Technologies worth $2,338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACLS. SG Americas Securities LLC bought a new stake in shares of Axcelis Technologies in the 1st quarter valued at about $791,000. Sei Investments Co. lifted its position in shares of Axcelis Technologies by 42.3% during the 1st quarter. Sei Investments Co. now owns 144,752 shares of the semiconductor company's stock valued at $16,143,000 after acquiring an additional 43,020 shares during the period. ProShare Advisors LLC grew its stake in Axcelis Technologies by 19.1% during the first quarter. ProShare Advisors LLC now owns 11,597 shares of the semiconductor company's stock worth $1,293,000 after buying an additional 1,861 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in Axcelis Technologies by 51.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,325 shares of the semiconductor company's stock valued at $148,000 after acquiring an additional 450 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Axcelis Technologies by 15.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,740 shares of the semiconductor company's stock worth $1,198,000 after buying an additional 1,430 shares in the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Axcelis Technologies Stock Performance

Shares of Axcelis Technologies stock traded down $0.87 during mid-day trading on Thursday, hitting $78.85. 597,185 shares of the stock were exchanged, compared to its average volume of 632,610. The company has a 50-day simple moving average of $95.66 and a 200 day simple moving average of $112.87. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45. Axcelis Technologies, Inc. has a 12 month low of $78.61 and a 12 month high of $158.61. The company has a market capitalization of $2.56 billion, a P/E ratio of 11.86, a P/E/G ratio of 2.56 and a beta of 1.60.

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.