EMC Capital Management Decreases Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

EMC Capital Management reduced its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 96.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. State Street Corp increased its stake in shares of Axcelis Technologies by 1.5% in the 3rd quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company’s stock worth $129,310,000 after purchasing an additional 18,101 shares in the last quarter. Reinhart Partners LLC. lifted its position in shares of Axcelis Technologies by 50.7% during the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock valued at $72,393,000 after buying an additional 348,504 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Axcelis Technologies by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company’s stock valued at $91,708,000 after acquiring an additional 28,141 shares during the period. Pacer Advisors Inc. increased its holdings in Axcelis Technologies by 78,037.4% in the 4th quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company’s stock worth $54,649,000 after acquiring an additional 781,154 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Axcelis Technologies by 12.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 510,894 shares of the semiconductor company’s stock worth $53,568,000 after acquiring an additional 55,048 shares during the period. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Down 3.1 %

NASDAQ:ACLS opened at $68.00 on Friday. The stock has a fifty day simple moving average of $72.51 and a 200-day simple moving average of $92.42. 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 $2.21 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 2.50 and a beta of 1.53. Axcelis Technologies, Inc. has a twelve month low of $66.75 and a twelve month high of $158.61.

Analysts Set New Price Targets

ACLS has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, 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 research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.83.

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.