Assenagon Asset Management S.A. Decreases Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Assenagon Asset Management S.A. lowered its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 39.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 33,080 shares of the semiconductor company’s stock after selling 21,475 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Axcelis Technologies were worth $2,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Axcelis Technologies by 1.5% during the 3rd quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company’s stock valued at $129,310,000 after purchasing an additional 18,101 shares during the period. Reinhart Partners LLC. boosted its position in shares of Axcelis Technologies by 50.7% in the fourth quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock worth $72,393,000 after purchasing an additional 348,504 shares during the period. Geode Capital Management LLC increased its stake in shares of Axcelis Technologies by 3.3% in the third quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company’s stock worth $91,708,000 after purchasing an additional 28,141 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Axcelis Technologies by 12.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 510,894 shares of the semiconductor company’s stock valued at $53,568,000 after purchasing an additional 55,048 shares during the period. Finally, Boston Trust Walden Corp purchased a new position in shares of Axcelis Technologies during the 3rd quarter valued at $53,099,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ACLS. Craig Hallum cut their target price on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Axcelis Technologies has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Axcelis Technologies Trading Down 1.2 %

Shares of NASDAQ ACLS opened at $70.58 on Thursday. The stock has a market capitalization of $2.29 billion, a P/E ratio of 10.44, a PEG ratio of 2.61 and a beta of 1.53. The business’s 50 day moving average is $73.11 and its two-hundred day moving average is $95.51. Axcelis Technologies, Inc. has a 1-year low of $66.75 and a 1-year high of $158.61. 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 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.