Oppenheimer Asset Management Inc. Raises Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Oppenheimer Asset Management Inc. boosted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 70.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,436 shares of the semiconductor company’s stock after acquiring an additional 1,421 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Axcelis Technologies were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of Axcelis Technologies by 348.9% during the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 164 shares during the last quarter. Blue Trust Inc. boosted its holdings in Axcelis Technologies by 223.8% in the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 188 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Axcelis Technologies in the second quarter worth about $39,000. Isthmus Partners LLC increased its holdings 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 in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Axcelis Technologies in the 2nd quarter valued at $69,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Trading Down 2.6 %

Shares of Axcelis Technologies stock opened at $70.25 on Wednesday. The firm has a 50-day simple moving average of $94.24 and a two-hundred day simple moving average of $112.31. 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 $69.85 and a fifty-two week high of $158.61. The company has a market cap of $2.28 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 2.28 and a beta of 1.60.

Wall Street Analyst Weigh In

Several research firms have weighed in on ACLS. B. Riley dropped their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research note 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 lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.33.

About Axcelis Technologies

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.