Weiss Asset Management LP Buys Shares of 132,322 Axcelis Technologies, Inc. (NASDAQ:ACLS)

Weiss Asset Management LP purchased a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 132,322 shares of the semiconductor company’s stock, valued at approximately $13,874,000. Weiss Asset Management LP owned about 0.41% of Axcelis Technologies at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Axcelis Technologies by 348.9% during the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 164 shares during the last quarter. Blue Trust Inc. grew its stake 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 acquiring an additional 188 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Axcelis Technologies in the 2nd quarter worth approximately $39,000. Isthmus Partners LLC raised its stake 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 period. Finally, Meeder Asset Management Inc. purchased a new position in Axcelis Technologies during the second quarter valued at approximately $69,000. Institutional investors own 89.98% of the company’s stock.

Analyst Upgrades and Downgrades

ACLS has been the topic of several recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Axcelis Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $167.33.

Axcelis Technologies Price Performance

NASDAQ:ACLS opened at $73.51 on Friday. The company has a market capitalization of $2.39 billion, a P/E ratio of 10.87, a P/E/G ratio of 2.37 and a beta of 1.53. Axcelis Technologies, Inc. has a 12 month low of $69.35 and a 12 month high of $158.61. The business’s 50-day moving average is $87.20 and its 200 day moving average is $108.86. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04.

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.