Weiss Asset Management LP Purchases Shares of 132,322 Axcelis Technologies, Inc. (NASDAQ:ACLS)

Weiss Asset Management LP acquired a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 132,322 shares of the semiconductor company's stock, valued at approximately $13,874,000. Weiss Asset Management LP owned approximately 0.41% of Axcelis Technologies as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its stake in Axcelis Technologies by 1.5% in the third quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company's stock valued at $129,310,000 after acquiring an additional 18,101 shares during the last quarter. Stifel Financial Corp increased its holdings in Axcelis Technologies by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 40,937 shares of the semiconductor company's stock worth $4,292,000 after acquiring an additional 2,492 shares during the period. Petrus Trust Company LTA bought a new stake in Axcelis Technologies during the 3rd quarter worth approximately $805,000. HighTower Advisors LLC increased its holdings in Axcelis Technologies by 23.5% during the 3rd quarter. HighTower Advisors LLC now owns 3,666 shares of the semiconductor company's stock worth $382,000 after acquiring an additional 697 shares during the period. Finally, Holocene Advisors LP increased its holdings in Axcelis Technologies by 17.8% during the 3rd quarter. Holocene Advisors LP now owns 41,544 shares of the semiconductor company's stock worth $4,356,000 after acquiring an additional 6,285 shares during the period. 89.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ACLS has been the topic of a number of research analyst reports. Benchmark lowered shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $167.33.

Axcelis Technologies Trading Up 1.3 %

Shares of ACLS stock traded up $0.92 on Friday, hitting $74.43. 266,266 shares of the company's stock traded hands, compared to its average volume of 633,371. 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. The company's fifty day simple moving average is $87.20 and its 200 day simple moving average is $108.86. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 2.37 and a beta of 1.53.

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.