Dynamic Technology Lab Private Ltd Purchases Shares of 12,434 Axcelis Technologies, Inc. (NASDAQ:ACLS)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,434 shares of the semiconductor company’s stock, valued at approximately $1,304,000.

A number of other institutional investors also recently modified their holdings of the company. Boston Trust Walden Corp bought a new stake in Axcelis Technologies during the 3rd quarter worth approximately $53,099,000. Reinhart Partners LLC. grew its holdings in shares of Axcelis Technologies by 64.1% during the third quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company’s stock worth $72,096,000 after purchasing an additional 268,560 shares during the last quarter. Granite Investment Partners LLC acquired a new stake in shares of Axcelis Technologies in the second quarter valued at $27,801,000. Boston Partners bought a new position in shares of Axcelis Technologies in the first quarter valued at about $20,819,000. Finally, Royce & Associates LP lifted its position in Axcelis Technologies by 157.1% during the 3rd quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company’s stock worth $28,694,000 after buying an additional 167,235 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

ACLS opened at $74.45 on Wednesday. The company has a fifty day moving average price of $91.06 and a two-hundred day moving average price of $110.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45. The firm has a market capitalization of $2.42 billion, a PE ratio of 11.01, a P/E/G ratio of 2.34 and a beta of 1.60. Axcelis Technologies, Inc. has a 52 week low of $69.35 and a 52 week high of $158.61.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ACLS. B. Riley lowered their price objective on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $167.33.

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.