Qsemble Capital Management LP Reduces Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Qsemble Capital Management LP lowered its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 55.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,934 shares of the semiconductor company’s stock after selling 2,420 shares during the quarter. Qsemble Capital Management LP’s holdings in Axcelis Technologies were worth $203,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in Axcelis Technologies by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 23,751 shares of the semiconductor company’s stock valued at $2,490,000 after acquiring an additional 6,786 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Axcelis Technologies by 309.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 17,549 shares of the semiconductor company’s stock valued at $2,495,000 after acquiring an additional 13,258 shares during the period. Royce & Associates LP boosted its holdings in Axcelis Technologies by 157.1% during the 3rd quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company’s stock valued at $28,694,000 after acquiring an additional 167,235 shares during the period. Annex Advisory Services LLC boosted its holdings in Axcelis Technologies by 72.0% during the 3rd quarter. Annex Advisory Services LLC now owns 12,226 shares of the semiconductor company’s stock valued at $1,282,000 after acquiring an additional 5,118 shares during the period. Finally, Creative Planning boosted its holdings in Axcelis Technologies by 984.4% during the 2nd quarter. Creative Planning now owns 30,861 shares of the semiconductor company’s stock valued at $4,388,000 after acquiring an additional 28,015 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ACLS shares. B. Riley lowered their target price on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Needham & Company LLC reiterated 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $167.33.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $73.51 on Friday. The company has a market capitalization of $2.39 billion, a P/E ratio of 10.87, a P/E/G ratio of 2.41 and a beta of 1.60. The business’s 50 day moving average is $90.00 and its two-hundred day moving average is $110.16. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 12-month low of $69.35 and a 12-month high of $158.61.

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.