Principal Financial Group Inc. lessened its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 14.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 181,083 shares of the semiconductor company's stock after selling 30,476 shares during the period. Principal Financial Group Inc. owned approximately 0.56% of Axcelis Technologies worth $18,987,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the business. Signaturefd LLC boosted its stake in shares of Axcelis Technologies by 348.9% during the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 164 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Axcelis Technologies in the second quarter valued at $39,000. Isthmus Partners LLC increased its position in shares of Axcelis Technologies by 87.3% in the second quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company's stock valued at $47,000 after buying an additional 15,507 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Axcelis Technologies during the 2nd quarter worth $69,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Axcelis Technologies in the 3rd quarter worth about $69,000. Hedge funds and other institutional investors own 89.98% of the company's stock.
Axcelis Technologies Trading Down 1.1 %
ACLS traded down $0.81 during midday trading on Friday, hitting $71.24. The company's stock had a trading volume of 360,472 shares, compared to its average volume of 634,229. The firm has a market cap of $2.32 billion, a P/E ratio of 10.54, a PEG ratio of 2.36 and a beta of 1.53. Axcelis Technologies, Inc. has a 52-week low of $68.23 and a 52-week high of $158.61. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $79.16 and a two-hundred day moving average price of $104.50.
Analyst Ratings Changes
ACLS has been the subject of a number of recent research reports. Benchmark cut shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $167.33.
Read Our Latest Research Report on Axcelis Technologies
About Axcelis Technologies
(
Free Report)
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.
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