Massachusetts Financial Services Co. MA Sells 6,353 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Massachusetts Financial Services Co. MA trimmed its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 231,868 shares of the semiconductor company’s stock after selling 6,353 shares during the period. Massachusetts Financial Services Co. MA owned about 0.71% of Axcelis Technologies worth $24,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ACLS. Signaturefd LLC raised its stake in shares of Axcelis Technologies by 348.9% during the second quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 164 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Axcelis Technologies by 223.8% during the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Axcelis Technologies during the second quarter valued at about $39,000. Isthmus Partners LLC raised its stake in shares of Axcelis Technologies by 87.3% during the second quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 15,507 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Axcelis Technologies during the second quarter valued at about $69,000. 89.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. B. Riley reduced 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 report on Friday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Finally, Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Price Performance

Shares of ACLS opened at $77.47 on Tuesday. The stock has a market cap of $2.52 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 2.34 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 fifty-two week low of $69.35 and a fifty-two week high of $158.61. The firm’s 50-day simple moving average is $91.56 and its two-hundred day simple moving average is $110.95.

Axcelis Technologies 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.