Virtu Financial LLC bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,672 shares of the semiconductor company's stock, valued at approximately $700,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in 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 purchasing an additional 164 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Axcelis Technologies by 223.8% in the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 188 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Axcelis Technologies in the 2nd quarter worth about $39,000. Isthmus Partners LLC grew its stake in Axcelis Technologies by 87.3% during the second quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company's stock worth $47,000 after purchasing an additional 15,507 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of Axcelis Technologies during the 2nd quarter worth about $69,000. 89.98% of the stock is owned by institutional investors and hedge funds.
Axcelis Technologies Trading Down 0.5 %
Shares of NASDAQ ACLS traded down $0.37 during trading hours on Friday, reaching $75.29. The stock had a trading volume of 490,249 shares, compared to its average volume of 630,323. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 52-week low of $69.35 and a 52-week high of $158.61. The business's fifty day moving average price is $84.00 and its two-hundred day moving average price is $107.29. 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.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on ACLS. Benchmark lowered Axcelis Technologies from a "buy" rating to a "hold" rating in a report 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 given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $167.33.
Read Our Latest Analysis on ACLS
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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