Principal Financial Group Inc. Sells 30,476 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Principal Financial Group Inc. cut its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 14.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 181,083 shares of the semiconductor company’s stock after selling 30,476 shares during the quarter. Principal Financial Group Inc. owned approximately 0.56% of Axcelis Technologies worth $18,987,000 as of its most recent SEC filing.

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

Axcelis Technologies Stock Down 1.1 %

Shares of Axcelis Technologies stock opened at $78.85 on Friday. The company’s fifty day simple moving average is $95.66 and its two-hundred day simple moving average is $112.87. Axcelis Technologies, Inc. has a 12-month low of $78.61 and a 12-month high of $158.61. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.56 billion, a P/E ratio of 11.66, a PEG ratio of 2.56 and a beta of 1.60.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. B. Riley dropped their price target on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.