State Street Corp Acquires 18,101 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

State Street Corp raised its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 1.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,233,282 shares of the semiconductor company's stock after purchasing an additional 18,101 shares during the period. State Street Corp owned about 3.79% of Axcelis Technologies worth $129,310,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of Axcelis Technologies by 223.8% during the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 188 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Axcelis Technologies by 1,514.9% during the second quarter. Fifth Third Bancorp now owns 2,826 shares of the semiconductor company's stock worth $402,000 after purchasing an additional 2,651 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in Axcelis Technologies by 18.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 8,668 shares of the semiconductor company's stock valued at $1,233,000 after buying an additional 1,362 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Axcelis Technologies by 1.2% during the second quarter. Louisiana State Employees Retirement System now owns 16,400 shares of the semiconductor company's stock valued at $2,332,000 after acquiring an additional 200 shares in the last quarter. Finally, LRI Investments LLC increased its position in shares of Axcelis Technologies by 82.3% during the second quarter. LRI Investments LLC now owns 2,160 shares of the semiconductor company's stock worth $307,000 after acquiring an additional 975 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ACLS shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Benchmark lowered Axcelis Technologies from a "buy" rating to a "hold" rating in a research report 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. Based on data from MarketBeat, Axcelis Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $167.33.

Axcelis Technologies Stock Performance

ACLS traded down $0.37 during trading on Friday, hitting $75.29. The stock had a trading volume of 490,249 shares, compared to its average volume of 630,323. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 2.36 and a beta of 1.53. The company has a 50 day moving average price of $84.00 and a 200-day moving average price of $107.29. Axcelis Technologies, Inc. has a one year low of $69.35 and a one year high of $158.61.

Axcelis Technologies Company 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.