Primecap Management Co. CA Lowers Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Primecap Management Co. CA cut its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 1.6% in the 3rd quarter, Holdings Channel reports. The fund owned 974,436 shares of the semiconductor company’s stock after selling 15,360 shares during the quarter. Primecap Management Co. CA’s holdings in Axcelis Technologies were worth $102,170,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

ACLS has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, B. Riley decreased their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Trading Up 3.1 %

Shares of Axcelis Technologies stock opened at $73.20 on Friday. The company has a 50-day moving average of $93.08 and a two-hundred day moving average of $111.74. Axcelis Technologies, Inc. has a 12-month low of $69.35 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 stock has a market cap of $2.38 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 2.19 and a beta of 1.60.

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.