State Street Corp Purchases 18,101 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

State Street Corp boosted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,233,282 shares of the semiconductor company’s stock after buying an additional 18,101 shares during the period. State Street Corp’s holdings in Axcelis Technologies were worth $129,310,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC raised 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 worth $30,000 after acquiring an additional 164 shares in the last quarter. Blue Trust Inc. increased its position 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 purchasing an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Axcelis Technologies during the second quarter valued at $39,000. Isthmus Partners LLC lifted its position in 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 purchasing an additional 15,507 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Axcelis Technologies in the 2nd quarter worth $69,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Down 0.5 %

Shares of NASDAQ ACLS opened at $75.29 on Friday. The company has a market cap of $2.45 billion, a P/E ratio of 11.14, a PEG ratio of 2.36 and a beta of 1.53. The firm has a 50-day simple moving average of $84.00 and a two-hundred day simple moving average of $107.34. Axcelis Technologies, Inc. has a 1 year low of $69.35 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Benchmark downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. 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 company’s stock. According to MarketBeat.com, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and an average target price 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.