Los Angeles Capital Management LLC Reduces Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Los Angeles Capital Management LLC cut its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 33.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,299 shares of the semiconductor company’s stock after selling 11,165 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Axcelis Technologies were worth $2,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in shares of Axcelis Technologies by 348.9% in the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 164 shares during the last quarter. Blue Trust Inc. raised its stake in Axcelis Technologies by 223.8% during the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 188 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Axcelis Technologies during the second quarter worth approximately $39,000. Isthmus Partners LLC grew its stake in Axcelis Technologies by 87.3% in the second quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 15,507 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Axcelis Technologies during the 2nd quarter worth $69,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Stock Down 3.6 %

Shares of NASDAQ:ACLS opened at $79.72 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45. The business’s 50 day simple moving average is $96.07 and its two-hundred day simple moving average is $113.11. The firm has a market cap of $2.59 billion, a P/E ratio of 11.79, a PEG ratio of 2.56 and a beta of 1.60. Axcelis Technologies, Inc. has a 52-week low of $79.07 and a 52-week high of $158.61.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ACLS shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, B. Riley reduced their target price on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Axcelis Technologies 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.