Mutual of America Capital Management LLC Sells 16,423 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Mutual of America Capital Management LLC decreased its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 77.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,906 shares of the semiconductor company’s stock after selling 16,423 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Axcelis Technologies were worth $514,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in shares of Axcelis Technologies by 40.0% during the third quarter. Van ECK Associates Corp now owns 23,751 shares of the semiconductor company’s stock worth $2,490,000 after buying an additional 6,786 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Axcelis Technologies by 309.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 17,549 shares of the semiconductor company’s stock worth $2,495,000 after purchasing an additional 13,258 shares in the last quarter. Royce & Associates LP increased its holdings in Axcelis Technologies by 157.1% in the 3rd quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company’s stock worth $28,694,000 after purchasing an additional 167,235 shares in the last quarter. Annex Advisory Services LLC raised its position in Axcelis Technologies by 72.0% in the third quarter. Annex Advisory Services LLC now owns 12,226 shares of the semiconductor company’s stock valued at $1,282,000 after purchasing an additional 5,118 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in shares of Axcelis Technologies by 281.5% during the first quarter. Virtu Financial LLC now owns 12,467 shares of the semiconductor company’s stock valued at $1,390,000 after purchasing an additional 9,199 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $74.45 on Wednesday. The stock has a market capitalization of $2.42 billion, a PE ratio of 11.01, a PEG ratio of 2.34 and a beta of 1.60. The business’s 50 day simple moving average is $91.06 and its 200 day simple moving average is $110.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. Axcelis Technologies, Inc. has a one year low of $69.35 and a one year high of $158.61.

Analyst Upgrades and Downgrades

ACLS has been the subject of several recent research reports. B. Riley lowered their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.