Victory Capital Management Inc. Sells 35,755 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Victory Capital Management Inc. trimmed its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 55.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,117 shares of the semiconductor company's stock after selling 35,755 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of Axcelis Technologies worth $3,053,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Axcelis Technologies by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company's stock valued at $480,040,000 after purchasing an additional 263,604 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in shares of Axcelis Technologies by 64.1% in the third quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company's stock valued at $72,096,000 after acquiring an additional 268,560 shares in the last quarter. Boston Trust Walden Corp purchased a new position in Axcelis Technologies during the third quarter worth about $53,099,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Axcelis Technologies by 7.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 455,846 shares of the semiconductor company's stock valued at $64,816,000 after purchasing an additional 32,695 shares during the period. Finally, American Century Companies Inc. increased its position in Axcelis Technologies by 11.2% during the 2nd quarter. American Century Companies Inc. now owns 385,181 shares of the semiconductor company's stock worth $54,769,000 after purchasing an additional 38,827 shares during the period. Institutional investors and hedge funds own 89.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. B. Riley reduced their price target on shares of Axcelis Technologies from $190.00 to $165.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Benchmark lowered Axcelis Technologies from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.33.

Axcelis Technologies Stock Performance

Shares of Axcelis Technologies stock traded up $1.79 during trading hours on Friday, reaching $75.07. The company's stock had a trading volume of 546,839 shares, compared to its average volume of 755,805. The stock has a market cap of $2.44 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 2.28 and a beta of 1.60. The company's 50 day simple moving average is $91.99 and its 200 day simple moving average is $111.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45. Axcelis Technologies, Inc. has a one year low of $69.35 and a one year high of $158.61.

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.