EMC Capital Management Sells 29,915 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

EMC Capital Management decreased its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 96.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,168 shares of the semiconductor company’s stock after selling 29,915 shares during the period. EMC Capital Management’s holdings in Axcelis Technologies were worth $82,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its position in Axcelis Technologies by 6.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,464 shares of the semiconductor company’s stock valued at $2,768,000 after acquiring an additional 1,097 shares in the last quarter. Creative Planning lifted its stake in shares of Axcelis Technologies by 984.4% in the 2nd quarter. Creative Planning now owns 30,861 shares of the semiconductor company’s stock valued at $4,388,000 after purchasing an additional 28,015 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Axcelis Technologies by 69.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,120 shares of the semiconductor company’s stock valued at $301,000 after purchasing an additional 870 shares in the last quarter. Truist Financial Corp purchased a new stake in Axcelis Technologies in the second quarter worth $673,000. Finally, Sanctuary Advisors LLC bought a new position in Axcelis Technologies in the second quarter worth $447,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Trading Down 3.1 %

NASDAQ:ACLS opened at $68.00 on Friday. The company’s 50 day moving average price is $72.51 and its 200-day moving average price is $92.42. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 52 week low of $66.75 and a 52 week high of $158.61. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 2.50 and a beta of 1.53.

Analyst Ratings Changes

A number of research firms have recently weighed in on ACLS. Benchmark downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Craig Hallum cut their price objective on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $155.83.

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.