Axcelis Technologies, Inc. (NASDAQ:ACLS) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 974,436 shares of the semiconductor company’s stock after selling 15,360 shares during the period. Primecap Management Co. CA owned 2.99% of Axcelis Technologies worth $102,170,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. State Board of Administration of Florida Retirement System grew its holdings in shares of Axcelis Technologies by 15.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 10,740 shares of the semiconductor company’s stock valued at $1,198,000 after purchasing an additional 1,430 shares during the period. Vanguard Group Inc. grew its stake in shares of Axcelis Technologies by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock valued at $480,040,000 after buying an additional 263,604 shares during the period. UniSuper Management Pty Ltd acquired a new stake in shares of Axcelis Technologies during the 1st quarter worth approximately $719,000. Advisors Asset Management Inc. lifted its holdings in Axcelis Technologies by 17.5% in the first quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock valued at $75,000 after acquiring an additional 100 shares during the last quarter. Finally, Gabelli Funds LLC lifted its holdings in Axcelis Technologies by 20.0% in the first quarter. Gabelli Funds LLC now owns 2,400 shares of the semiconductor company’s stock valued at $268,000 after acquiring an additional 400 shares during the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Axcelis Technologies Stock Performance

Shares of Axcelis Technologies stock opened at $73.20 on Friday. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 2.19 and a beta of 1.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. The business has a 50-day moving average of $93.08 and a 200 day moving average of $111.74. Axcelis Technologies, Inc. has a 12 month low of $69.35 and a 12 month high of $158.61.

Analyst Ratings Changes

A number of equities research analysts have commented on ACLS shares. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, B. Riley lowered their target price on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Three investment 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, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.33.

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.