New York State Teachers Retirement System Cuts Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

New York State Teachers Retirement System lowered its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 2.0% during the 3rd quarter, Holdings Channel reports. The firm owned 19,605 shares of the semiconductor company’s stock after selling 400 shares during the period. New York State Teachers Retirement System’s holdings in Axcelis Technologies were worth $2,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Trust Walden Corp purchased a new position in shares of Axcelis Technologies during the 3rd quarter valued at $53,099,000. Reinhart Partners LLC. increased its stake in Axcelis Technologies by 64.1% in the 3rd quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company’s stock worth $72,096,000 after acquiring an additional 268,560 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Axcelis Technologies by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock valued at $480,040,000 after purchasing an additional 263,604 shares during the last quarter. Granite Investment Partners LLC bought a new position in shares of Axcelis Technologies during the 2nd quarter valued at about $27,801,000. Finally, Boston Partners bought a new position in shares of Axcelis Technologies during the 1st quarter valued at about $20,819,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ACLS shares. Craig Hallum increased their target price on Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a report on Friday, July 12th. DA Davidson raised their target price on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 15th. B. Riley lowered their target price 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 Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Friday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Axcelis Technologies has an average rating of “Moderate Buy” and an average price target of $167.33.

Axcelis Technologies Stock Down 2.3 %

Axcelis Technologies stock opened at $85.08 on Friday. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 2.57 and a beta of 1.60. The stock has a fifty day simple moving average of $96.91 and a two-hundred day simple moving average of $113.14. Axcelis Technologies, Inc. has a 12 month low of $81.47 and a 12 month high of $158.61. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05.

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.