SG Americas Securities LLC Acquires 738 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

SG Americas Securities LLC grew its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,630 shares of the semiconductor company’s stock after acquiring an additional 738 shares during the quarter. SG Americas Securities LLC’s holdings in Axcelis Technologies were worth $533,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Truvestments Capital LLC purchased a new stake in Axcelis Technologies in the third quarter valued at approximately $69,000. KBC Group NV increased its holdings in shares of Axcelis Technologies by 30.3% in the 3rd quarter. KBC Group NV now owns 934 shares of the semiconductor company’s stock worth $98,000 after buying an additional 217 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Axcelis Technologies by 37.2% during the 3rd quarter. GAMMA Investing LLC now owns 999 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 271 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Axcelis Technologies during the 3rd quarter valued at $105,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Axcelis Technologies by 11.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company’s stock worth $112,000 after acquiring an additional 114 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

Shares of Axcelis Technologies stock opened at $68.00 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. Axcelis Technologies, Inc. has a one year low of $66.75 and a one year high of $158.61. The business’s 50 day simple moving average is $72.51 and its two-hundred day simple moving average is $92.42. The stock has a market capitalization of $2.21 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 2.50 and a beta of 1.53.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ACLS. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Craig Hallum cut 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Axcelis Technologies has an average rating of “Moderate Buy” and a consensus price target of $155.83.

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.