Public Sector Pension Investment Board Grows Holdings in Axcelis Technologies, Inc. $ACLS

Public Sector Pension Investment Board raised its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 11.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,564 shares of the semiconductor company’s stock after purchasing an additional 12,989 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of Axcelis Technologies worth $11,967,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ACLS. Salomon & Ludwin LLC purchased a new position in shares of Axcelis Technologies in the third quarter worth $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of Axcelis Technologies by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 267 shares in the last quarter. Strs Ohio purchased a new position in Axcelis Technologies in the third quarter valued at about $49,000. Hantz Financial Services Inc. lifted its position in Axcelis Technologies by 263.0% during the third quarter. Hantz Financial Services Inc. now owns 755 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 547 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Axcelis Technologies by 48.5% in the second quarter. Parkside Financial Bank & Trust now owns 1,105 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 361 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Axcelis Technologies news, EVP Gerald M. Blumenstock sold 3,034 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $89.46, for a total transaction of $271,421.64. Following the transaction, the executive vice president directly owned 18,661 shares in the company, valued at approximately $1,669,413.06. This represents a 13.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jorge Titinger sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $86.05, for a total value of $172,100.00. Following the completion of the transaction, the director owned 7,477 shares of the company’s stock, valued at approximately $643,395.85. This represents a 21.10% decrease in their position. The SEC filing for this sale provides additional information. 0.48% of the stock is currently owned by insiders.

Axcelis Technologies Stock Up 4.4%

ACLS opened at $94.55 on Monday. The company has a market cap of $2.90 billion, a PE ratio of 22.35 and a beta of 1.77. The company has a quick ratio of 3.32, a current ratio of 4.95 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $88.23 and a two-hundred day moving average price of $85.26. Axcelis Technologies, Inc. has a 52 week low of $40.40 and a 52 week high of $102.93.

Analyst Ratings Changes

ACLS has been the topic of a number of research reports. Wall Street Zen lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Bank of America boosted their price target on Axcelis Technologies from $90.00 to $100.00 and gave the stock an “underperform” rating in a research report on Tuesday, January 13th. B. Riley Financial upped their target price on Axcelis Technologies from $84.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Monday, December 22nd. Finally, Zacks Research lowered Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $102.25.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.