New York State Common Retirement Fund Has $709,000 Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

New York State Common Retirement Fund lowered its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 69.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,150 shares of the semiconductor company's stock after selling 22,641 shares during the period. New York State Common Retirement Fund's holdings in Axcelis Technologies were worth $709,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. acquired a new stake in shares of Axcelis Technologies in the fourth quarter valued at $341,000. Principal Financial Group Inc. raised its position in Axcelis Technologies by 4.1% in the fourth quarter. Principal Financial Group Inc. now owns 188,559 shares of the semiconductor company's stock worth $13,175,000 after acquiring an additional 7,476 shares in the last quarter. Palouse Capital Management Inc. acquired a new stake in Axcelis Technologies in the 4th quarter valued at about $79,000. Strategic Financial Concepts LLC bought a new position in shares of Axcelis Technologies during the 4th quarter valued at about $727,000. Finally, Rhumbline Advisers grew its stake in shares of Axcelis Technologies by 0.5% in the 4th quarter. Rhumbline Advisers now owns 90,842 shares of the semiconductor company's stock worth $6,347,000 after purchasing an additional 477 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

Analyst Upgrades and Downgrades

ACLS has been the subject of a number of recent analyst reports. Craig Hallum decreased their price target on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Benchmark downgraded shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Finally, William Blair lowered shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $154.00.

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Axcelis Technologies Price Performance

Shares of Axcelis Technologies stock traded up $1.26 during trading on Friday, reaching $60.14. The company's stock had a trading volume of 337,045 shares, compared to its average volume of 660,930. The stock has a 50-day moving average price of $66.36 and a two-hundred day moving average price of $82.08. The stock has a market capitalization of $1.95 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52. The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a one year low of $53.67 and a one year high of $158.61.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.29. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. As a group, sell-side analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

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.