Neo Ivy Capital Management Takes $1.31 Million Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Neo Ivy Capital Management acquired a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 12,516 shares of the semiconductor company's stock, valued at approximately $1,312,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACLS. Cetera Advisors LLC increased its stake in shares of Axcelis Technologies by 36.1% in the 1st quarter. Cetera Advisors LLC now owns 2,593 shares of the semiconductor company's stock valued at $289,000 after purchasing an additional 688 shares during the last quarter. CWM LLC grew its position in Axcelis Technologies by 4.8% during the 2nd quarter. CWM LLC now owns 1,506 shares of the semiconductor company's stock worth $214,000 after acquiring an additional 69 shares during the last quarter. QRG Capital Management Inc. bought a new stake in shares of Axcelis Technologies in the 2nd quarter valued at about $222,000. AlphaMark Advisors LLC grew its position in shares of Axcelis Technologies by 28.5% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,017 shares of the semiconductor company's stock valued at $429,000 after buying an additional 670 shares during the last quarter. Finally, Reinhart Partners LLC. grew its position in shares of Axcelis Technologies by 23.4% in the 2nd quarter. Reinhart Partners LLC. now owns 419,048 shares of the semiconductor company's stock valued at $59,584,000 after buying an additional 79,456 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ACLS. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Benchmark downgraded Axcelis Technologies from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Three equities research 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $167.33.

Axcelis Technologies Stock Down 0.6 %

ACLS stock traded down $0.46 during trading on Wednesday, reaching $76.03. 161,200 shares of the stock were exchanged, compared to its average volume of 631,458. The firm has a market cap of $2.47 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 2.31 and a beta of 1.53. Axcelis Technologies, Inc. has a twelve month low of $69.35 and a twelve month high of $158.61. The firm's 50 day moving average is $85.48 and its 200 day moving average is $108.04. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04.

Axcelis Technologies 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.