Reinhart Partners LLC. Boosts Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Reinhart Partners LLC. increased its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 50.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,036,112 shares of the semiconductor company's stock after buying an additional 348,504 shares during the quarter. Axcelis Technologies accounts for approximately 2.8% of Reinhart Partners LLC.'s holdings, making the stock its 13th biggest holding. Reinhart Partners LLC. owned about 3.19% of Axcelis Technologies worth $72,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACLS. Van ECK Associates Corp increased its position in shares of Axcelis Technologies by 40.0% during the third quarter. Van ECK Associates Corp now owns 23,751 shares of the semiconductor company's stock valued at $2,490,000 after buying an additional 6,786 shares during the period. Royce & Associates LP raised its position in shares of Axcelis Technologies by 157.1% in the 3rd quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company's stock worth $28,694,000 after acquiring an additional 167,235 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Axcelis Technologies by 243.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 60,328 shares of the semiconductor company's stock valued at $6,325,000 after purchasing an additional 42,779 shares during the period. Annex Advisory Services LLC boosted its position in shares of Axcelis Technologies by 72.0% during the third quarter. Annex Advisory Services LLC now owns 12,226 shares of the semiconductor company's stock valued at $1,282,000 after purchasing an additional 5,118 shares in the last quarter. Finally, FMR LLC grew its stake in Axcelis Technologies by 51.4% in the third quarter. FMR LLC now owns 263,332 shares of the semiconductor company's stock worth $27,610,000 after purchasing an additional 89,453 shares during the period. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Stock Performance

NASDAQ:ACLS traded down $0.67 during mid-day trading on Monday, reaching $68.77. The company's stock had a trading volume of 510,223 shares, compared to its average volume of 565,960. The firm's fifty day moving average price is $75.15 and its two-hundred day moving average price is $98.97. 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 stock has a market cap of $2.24 billion, a P/E ratio of 10.17, a PEG ratio of 2.36 and a beta of 1.53. Axcelis Technologies, Inc. has a 12-month low of $66.75 and a 12-month high of $158.61.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Benchmark lowered Axcelis Technologies from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Needham & Company LLC reissued 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $167.33.

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.