Victory Capital Management Inc. Sells 35,755 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Victory Capital Management Inc. reduced its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 55.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,117 shares of the semiconductor company’s stock after selling 35,755 shares during the period. Victory Capital Management Inc. owned 0.09% of Axcelis Technologies worth $3,053,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. CWM LLC lifted its position in shares of Axcelis Technologies by 4.8% in the 2nd quarter. CWM LLC now owns 1,506 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 69 shares during the period. Xponance Inc. lifted its position in shares of Axcelis Technologies by 4.7% in the 2nd quarter. Xponance Inc. now owns 2,061 shares of the semiconductor company’s stock worth $293,000 after purchasing an additional 92 shares during the period. Andina Capital Management LLC lifted its position in shares of Axcelis Technologies by 3.7% in the 2nd quarter. Andina Capital Management LLC now owns 2,791 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 99 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Axcelis Technologies by 17.5% in the 1st quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 100 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in shares of Axcelis Technologies by 6.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,984 shares of the semiconductor company’s stock worth $282,000 after purchasing an additional 114 shares during the period. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Trading Up 2.4 %

NASDAQ ACLS opened at $75.07 on Friday. The stock has a market capitalization of $2.44 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 2.28 and a beta of 1.60. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 52 week low of $69.35 and a 52 week high of $158.61. The firm has a 50 day moving average of $91.99 and a two-hundred day moving average of $111.20.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ACLS. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Finally, B. Riley decreased their target price on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.