Victory Capital Management Inc. reduced its position in Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report) by 58.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 150,336 shares of the semiconductor company’s stock after selling 212,425 shares during the period. Victory Capital Management Inc. owned about 0.46% of Axcelis Technologies worth $20,032,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Axcelis Technologies by 1.0% during the 1st quarter. BlackRock Inc. now owns 5,059,666 shares of the semiconductor company’s stock valued at $382,156,000 after buying an additional 48,051 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Axcelis Technologies by 6.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,957,174 shares of the semiconductor company’s stock valued at $179,085,000 after acquiring an additional 180,011 shares during the period. Senvest Management LLC grew its position in shares of Axcelis Technologies by 18.3% during the 4th quarter. Senvest Management LLC now owns 1,786,434 shares of the semiconductor company’s stock valued at $141,771,000 after acquiring an additional 275,974 shares during the period. Driehaus Capital Management LLC grew its position in shares of Axcelis Technologies by 65.9% during the 4th quarter. Driehaus Capital Management LLC now owns 1,133,457 shares of the semiconductor company’s stock valued at $89,951,000 after acquiring an additional 450,382 shares during the period. Finally, State Street Corp grew its position in shares of Axcelis Technologies by 1.7% during the 3rd quarter. State Street Corp now owns 1,132,668 shares of the semiconductor company’s stock valued at $68,594,000 after acquiring an additional 19,207 shares during the period. 88.20% of the stock is currently owned by hedge funds and other institutional investors.
Axcelis Technologies Stock Up 5.6 %
ACLS opened at $192.90 on Friday. The firm has a 50-day simple moving average of $171.68 and a two-hundred day simple moving average of $139.38. Axcelis Technologies, Inc. has a 52 week low of $49.78 and a 52 week high of $193.69. The company has a market capitalization of $6.31 billion, a PE ratio of 34.02 and a beta of 1.71. The company has a quick ratio of 2.51, a current ratio of 3.49 and a debt-to-equity ratio of 0.06.
Insider Activity
In other news, Director Tzu Yin Chiu sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $118.50, for a total transaction of $1,185,000.00. Following the sale, the director now directly owns 18,873 shares in the company, valued at approximately $2,236,450.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Tzu Yin Chiu sold 10,000 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $118.50, for a total value of $1,185,000.00. Following the sale, the director now directly owns 18,873 shares of the company’s stock, valued at approximately $2,236,450.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Douglas A. Lawson sold 5,734 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $122.00, for a total transaction of $699,548.00. Following the completion of the sale, the executive vice president now directly owns 35,205 shares in the company, valued at $4,295,010. The disclosure for this sale can be found here. In the last three months, insiders have sold 123,181 shares of company stock worth $17,592,020. 1.43% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on ACLS. StockNews.com began coverage on shares of Axcelis Technologies in a research report on Thursday, May 18th. They set a “hold” rating for the company. B. Riley Financial upped their target price on shares of Axcelis Technologies from $165.00 to $225.00 in a report on Monday, July 17th. B. Riley upped their target price on shares of Axcelis Technologies from $165.00 to $225.00 in a report on Monday, July 17th. Needham & Company LLC downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, William Blair started coverage on shares of Axcelis Technologies in a report on Monday, June 5th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Axcelis Technologies has an average rating of “Moderate Buy” and a consensus price target of $166.71.
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.
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