State of New Jersey Common Pension Fund D Has $1.89 Million Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

State of New Jersey Common Pension Fund D raised its stake in Axcelis Technologies, Inc. (NASDAQ:ACLSFree Report) by 6.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,065 shares of the semiconductor company’s stock after buying an additional 1,031 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Axcelis Technologies were worth $1,894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Axcelis Technologies by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock valued at $480,040,000 after acquiring an additional 263,604 shares in the last quarter. Reinhart Partners LLC. boosted its stake in shares of Axcelis Technologies by 64.1% during the third quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company’s stock valued at $72,096,000 after purchasing an additional 268,560 shares in the last quarter. Boston Trust Walden Corp bought a new stake in shares of Axcelis Technologies during the third quarter worth about $53,099,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Axcelis Technologies by 7.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 455,846 shares of the semiconductor company’s stock valued at $64,816,000 after buying an additional 32,695 shares during the period. Finally, American Century Companies Inc. raised its holdings in Axcelis Technologies by 11.2% in the 2nd quarter. American Century Companies Inc. now owns 385,181 shares of the semiconductor company’s stock valued at $54,769,000 after buying an additional 38,827 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

Shares of NASDAQ ACLS opened at $72.14 on Tuesday. The company has a market capitalization of $2.34 billion, a PE ratio of 10.83, a P/E/G ratio of 2.28 and a beta of 1.60. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a twelve month low of $71.64 and a twelve month high of $158.61. The firm has a fifty day simple moving average of $94.75 and a 200 day simple moving average of $112.56.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ACLS. B. Riley reduced their target price on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Finally, Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $167.33.

Check Out Our Latest Stock Analysis on Axcelis Technologies

Axcelis Technologies Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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