Fmr LLC Raises Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Fmr LLC boosted its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 51.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 263,332 shares of the semiconductor company’s stock after purchasing an additional 89,453 shares during the period. Fmr LLC owned approximately 0.81% of Axcelis Technologies worth $27,610,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cetera Advisors LLC boosted its holdings in Axcelis Technologies by 36.1% in the 1st quarter. Cetera Advisors LLC now owns 2,593 shares of the semiconductor company’s stock worth $289,000 after buying an additional 688 shares during the period. CWM LLC grew its position in shares of Axcelis Technologies by 4.8% during the second quarter. CWM LLC now owns 1,506 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 69 shares in the last quarter. QRG Capital Management Inc. bought a new stake in Axcelis Technologies during the 2nd quarter valued at approximately $222,000. AlphaMark Advisors LLC grew its holdings in Axcelis Technologies by 28.5% during the 2nd quarter. AlphaMark Advisors LLC now owns 3,017 shares of the semiconductor company’s stock valued at $429,000 after buying an additional 670 shares in the last quarter. Finally, Reinhart Partners LLC. raised its position in shares of Axcelis Technologies by 23.4% during the second quarter. Reinhart Partners LLC. now owns 419,048 shares of the semiconductor company’s stock valued at $59,584,000 after buying an additional 79,456 shares during the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Axcelis Technologies Trading Up 3.9 %

Shares of ACLS opened at $77.10 on Tuesday. The firm has a market capitalization of $2.51 billion, a P/E ratio of 11.41, a P/E/G ratio of 2.31 and a beta of 1.53. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $85.98 and a 200 day moving average price of $108.29. Axcelis Technologies, Inc. has a 12-month low of $69.35 and a 12-month high of $158.61.

Analysts Set New Price Targets

A number of brokerages recently commented on ACLS. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $167.33.

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.