KBC Group NV decreased its position in shares of Axcelis Technologies Inc (NASDAQ:ACLS) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,439 shares of the semiconductor company’s stock after selling 5,779 shares during the quarter. KBC Group NV owned 0.23% of Axcelis Technologies worth $1,954,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in ACLS. Peregrine Capital Management LLC boosted its stake in shares of Axcelis Technologies by 45.0% during the 3rd quarter. Peregrine Capital Management LLC now owns 830,397 shares of the semiconductor company’s stock worth $22,711,000 after acquiring an additional 257,541 shares in the last quarter. SG Capital Management LLC purchased a new stake in shares of Axcelis Technologies during the 3rd quarter worth approximately $6,192,000. Russell Investments Group Ltd. boosted its stake in shares of Axcelis Technologies by 247.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 161,665 shares of the semiconductor company’s stock worth $3,386,000 after acquiring an additional 115,111 shares in the last quarter. PDT Partners LLC lifted its stake in Axcelis Technologies by 159.3% in the 2nd quarter. PDT Partners LLC now owns 176,305 shares of the semiconductor company’s stock valued at $3,694,000 after buying an additional 108,305 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Axcelis Technologies by 146.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 153,103 shares of the semiconductor company’s stock valued at $4,188,000 after buying an additional 91,003 shares in the last quarter. 78.14% of the stock is currently owned by institutional investors and hedge funds.
In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,800 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total transaction of $61,254.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kevin J. Brewer sold 44,640 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $33.93, for a total value of $1,514,635.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,190 shares of company stock worth $6,334,389. 5.66% of the stock is owned by corporate insiders.
A number of equities research analysts recently issued reports on ACLS shares. Benchmark reaffirmed a “buy” rating and issued a $28.00 target price (up previously from $24.00) on shares of Axcelis Technologies in a research note on Friday, September 8th. ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, September 15th. B. Riley upped their target price on Axcelis Technologies from $30.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Craig Hallum lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $31.33.
Shares of Axcelis Technologies Inc (NASDAQ:ACLS) opened at $29.70 on Tuesday. Axcelis Technologies Inc has a 52 week low of $13.45 and a 52 week high of $37.05. The stock has a market capitalization of $923.55, a P/E ratio of 26.02, a P/E/G ratio of 1.02 and a beta of 1.07.
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About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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