Axcelis Technologies, Inc. $ACLS Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 11.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122,564 shares of the semiconductor company’s stock after purchasing an additional 12,989 shares during the quarter. Public Sector Pension Investment Board’s holdings in Axcelis Technologies were worth $11,967,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new stake in Axcelis Technologies in the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its stake in Axcelis Technologies by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 267 shares during the last quarter. Strs Ohio acquired a new stake in Axcelis Technologies during the third quarter worth about $49,000. Hantz Financial Services Inc. lifted its stake in Axcelis Technologies by 263.0% in the third quarter. Hantz Financial Services Inc. now owns 755 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 547 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Axcelis Technologies by 18.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 957 shares of the semiconductor company’s stock worth $93,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Insider Buying and Selling

In other Axcelis Technologies news, EVP Gerald M. Blumenstock sold 3,034 shares of Axcelis Technologies stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $89.46, for a total value of $271,421.64. Following the completion of the transaction, the executive vice president owned 18,661 shares in the company, valued at approximately $1,669,413.06. The trade was a 13.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jorge Titinger sold 2,000 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $86.05, for a total transaction of $172,100.00. Following the sale, the director directly owned 7,477 shares in the company, valued at approximately $643,395.85. This represents a 21.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.48% of the company’s stock.

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS opened at $94.55 on Monday. Axcelis Technologies, Inc. has a fifty-two week low of $40.40 and a fifty-two week high of $102.93. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 22.35 and a beta of 1.77. The business’s fifty day moving average price is $88.23 and its two-hundred day moving average price is $85.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.95 and a quick ratio of 3.32.

Wall Street Analysts Forecast Growth

ACLS has been the subject of several research analyst reports. Bank of America upped their price objective on Axcelis Technologies from $90.00 to $100.00 and gave the company an “underperform” rating in a report on Tuesday, January 13th. Wall Street Zen cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Zacks Research lowered shares of Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday, December 22nd. Finally, B. Riley Financial increased their target price on Axcelis Technologies from $84.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $102.25.

Axcelis Technologies Profile

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.