US Bancorp DE Has $433,000 Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

US Bancorp DE boosted its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 13.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,131 shares of the semiconductor company’s stock after buying an additional 490 shares during the period. US Bancorp DE’s holdings in Axcelis Technologies were worth $433,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Homestead Advisers Corp bought a new position in shares of Axcelis Technologies during the first quarter valued at $1,227,000. SG Americas Securities LLC bought a new position in shares of Axcelis Technologies during the first quarter valued at $791,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Axcelis Technologies by 309.0% during the second quarter. Harbor Capital Advisors Inc. now owns 17,549 shares of the semiconductor company’s stock valued at $2,495,000 after acquiring an additional 13,258 shares during the period. Annex Advisory Services LLC lifted its holdings 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 acquiring an additional 5,118 shares during the period. Finally, Virtu Financial LLC lifted its holdings in shares of Axcelis Technologies by 281.5% during the first quarter. Virtu Financial LLC now owns 12,467 shares of the semiconductor company’s stock valued at $1,390,000 after acquiring an additional 9,199 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ACLS shares. Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday. DA Davidson lifted their price target on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a report on Friday. Finally, B. Riley cut their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $167.33.

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS opened at $85.33 on Tuesday. The stock has a market capitalization of $2.78 billion, a P/E ratio of 12.62, a P/E/G ratio of 2.60 and a beta of 1.60. Axcelis Technologies, Inc. has a 1-year low of $81.47 and a 1-year high of $158.61. The company has a current ratio of 4.45, a quick ratio of 3.26 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $96.91 and a two-hundred day moving average price of $113.35.

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.