Public Sector Pension Investment Board Trims Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Public Sector Pension Investment Board decreased its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 3.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 69,187 shares of the semiconductor company’s stock after selling 2,400 shares during the quarter. Public Sector Pension Investment Board owned about 0.21% of Axcelis Technologies worth $7,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in shares of Axcelis Technologies by 17.5% in the first quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 100 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Axcelis Technologies by 135.7% in the 1st quarter. Janus Henderson Group PLC now owns 52,636 shares of the semiconductor company’s stock valued at $5,869,000 after acquiring an additional 30,308 shares during the last quarter. Cetera Advisors LLC lifted its stake in shares of Axcelis Technologies by 36.1% during the 1st quarter. Cetera Advisors LLC now owns 2,593 shares of the semiconductor company’s stock worth $289,000 after purchasing an additional 688 shares during the period. Boston Partners acquired a new stake in shares of Axcelis Technologies during the first quarter worth $20,819,000. Finally, GAMMA Investing LLC grew its position in shares of Axcelis Technologies by 173.7% in the second quarter. GAMMA Investing LLC now owns 728 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 462 shares during the period. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Axcelis Technologies Trading Up 1.0 %

NASDAQ ACLS opened at $74.24 on Friday. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 2.29 and a beta of 1.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45. Axcelis Technologies, Inc. has a one year low of $69.35 and a one year high of $158.61. The company’s 50 day moving average price is $89.45 and its 200 day moving average price is $109.89.

Analyst Ratings Changes

ACLS has been the topic of several recent analyst reports. Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Finally, B. Riley cut their price target on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.