GAMMA Investing LLC Lowers Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

GAMMA Investing LLC trimmed its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 834 shares of the semiconductor company’s stock after selling 165 shares during the period. GAMMA Investing LLC’s holdings in Axcelis Technologies were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Xponance Inc. increased its holdings in Axcelis Technologies by 4.7% during the second quarter. Xponance Inc. now owns 2,061 shares of the semiconductor company’s stock valued at $293,000 after buying an additional 92 shares during the period. Evergreen Capital Management LLC lifted its holdings in Axcelis Technologies by 6.1% during the second quarter. Evergreen Capital Management LLC now owns 1,984 shares of the semiconductor company’s stock worth $282,000 after buying an additional 114 shares during the period. Nisa Investment Advisors LLC boosted its position in Axcelis Technologies by 11.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company’s stock valued at $112,000 after acquiring an additional 114 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Axcelis Technologies by 5.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,398 shares of the semiconductor company’s stock valued at $251,000 after acquiring an additional 132 shares during the period. Finally, Profund Advisors LLC grew its position in shares of Axcelis Technologies by 3.5% in the 2nd quarter. Profund Advisors LLC now owns 4,003 shares of the semiconductor company’s stock worth $569,000 after buying an additional 137 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Benchmark lowered 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 report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.33.

Axcelis Technologies Price Performance

Shares of NASDAQ ACLS opened at $69.44 on Monday. Axcelis Technologies, Inc. has a 52 week low of $67.27 and a 52 week high of $158.61. The business’s 50 day moving average price is $75.15 and its 200 day moving average price is $98.97. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.26 billion, a P/E ratio of 10.27, a P/E/G ratio of 2.36 and a beta of 1.53.

Axcelis Technologies Company 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.