KBC Group NV Grows Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

KBC Group NV raised its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 30.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 934 shares of the semiconductor company’s stock after buying an additional 217 shares during the period. KBC Group NV’s holdings in Axcelis Technologies were worth $98,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of ACLS. Signaturefd LLC lifted its holdings in Axcelis Technologies by 348.9% during the second quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 164 shares during the period. Blue Trust Inc. increased its position in shares of Axcelis Technologies by 223.8% during the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Axcelis Technologies during the 2nd quarter worth $39,000. Isthmus Partners LLC boosted its holdings in shares of Axcelis Technologies by 87.3% in the 2nd quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock worth $47,000 after buying an additional 15,507 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Axcelis Technologies during the second quarter valued at about $69,000. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

Axcelis Technologies stock opened at $75.07 on Friday. 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. The firm has a market capitalization of $2.44 billion, a P/E ratio of 10.83, a PEG ratio of 2.19 and a beta of 1.60. The business has a fifty day moving average price of $92.56 and a 200-day moving average price of $111.47.

Analyst Upgrades and Downgrades

ACLS has been the topic of several research reports. B. Riley dropped their target price on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Finally, Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $167.33.

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.