14,791 Shares in Axcelis Technologies, Inc. (NASDAQ:ACLS) Purchased by Four Tree Island Advisory LLC

Four Tree Island Advisory LLC bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) during the 4th quarter, HoldingsChannel reports. The firm bought 14,791 shares of the semiconductor company’s stock, valued at approximately $1,033,000. Axcelis Technologies comprises approximately 0.7% of Four Tree Island Advisory LLC’s holdings, making the stock its 16th largest position.

A number of other institutional investors have also added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in shares of Axcelis Technologies by 78,037.4% during the fourth quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company’s stock valued at $54,649,000 after purchasing an additional 781,154 shares in the last quarter. Boston Trust Walden Corp bought a new stake in Axcelis Technologies during the 3rd quarter valued at $53,099,000. Reinhart Partners LLC. increased its holdings in shares of Axcelis Technologies by 50.7% in the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock valued at $72,393,000 after acquiring an additional 348,504 shares during the period. Royce & Associates LP raised its position in shares of Axcelis Technologies by 157.1% in the 3rd quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company’s stock worth $28,694,000 after acquiring an additional 167,235 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of Axcelis Technologies during the 3rd quarter worth $13,874,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

Shares of Axcelis Technologies stock opened at $63.87 on Monday. The company has a 50 day moving average price of $71.47 and a 200 day moving average price of $89.08. The firm has a market capitalization of $2.08 billion, a P/E ratio of 9.45, a PEG ratio of 2.39 and a beta of 1.52. 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 $63.08 and a 52 week high of $158.61.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ACLS. Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Craig Hallum reduced their price objective on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.00.

Axcelis Technologies 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.