Assenagon Asset Management S.A. Sells 21,475 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Assenagon Asset Management S.A. reduced its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 39.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,080 shares of the semiconductor company’s stock after selling 21,475 shares during the period. Assenagon Asset Management S.A. owned 0.10% of Axcelis Technologies worth $2,311,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of Axcelis Technologies by 12.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 40,378 shares of the semiconductor company’s stock worth $5,741,000 after buying an additional 4,622 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Axcelis Technologies by 24.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,534 shares of the semiconductor company’s stock worth $360,000 after acquiring an additional 497 shares during the last quarter. Blair William & Co. IL bought a new stake in Axcelis Technologies during the second quarter valued at approximately $1,023,000. Intech Investment Management LLC bought a new position in Axcelis Technologies in the second quarter valued at $613,000. Finally, Thrivent Financial for Lutherans lifted its position in Axcelis Technologies by 3.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 29,359 shares of the semiconductor company’s stock worth $4,175,000 after buying an additional 1,004 shares during the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Craig Hallum lowered their target price on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Finally, Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $155.83.

Axcelis Technologies Stock Performance

Shares of Axcelis Technologies stock opened at $70.58 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.61 and a beta of 1.53. Axcelis Technologies, Inc. has a 1 year low of $66.75 and a 1 year high of $158.61. The firm’s 50-day moving average is $73.11 and its 200 day moving average is $95.51.

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.