SG Capital Management LLC Purchases New Position in Axcelis Technologies, Inc. (ACLS)

SG Capital Management LLC purchased a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 226,411 shares of the semiconductor company’s stock, valued at approximately $6,192,000. Axcelis Technologies makes up approximately 0.7% of SG Capital Management LLC’s holdings, making the stock its 27th biggest holding. SG Capital Management LLC owned approximately 0.72% of Axcelis Technologies at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in Axcelis Technologies by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,809,984 shares of the semiconductor company’s stock valued at $37,920,000 after buying an additional 43,975 shares in the last quarter. Vanguard Group Inc. lifted its stake in Axcelis Technologies by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,282,745 shares of the semiconductor company’s stock valued at $26,873,000 after buying an additional 57,052 shares in the last quarter. Peregrine Capital Management LLC lifted its stake in Axcelis Technologies by 45.0% in the 3rd quarter. Peregrine Capital Management LLC now owns 830,397 shares of the semiconductor company’s stock valued at $22,711,000 after buying an additional 257,541 shares in the last quarter. Hood River Capital Management LLC lifted its stake in Axcelis Technologies by 2.6% in the 2nd quarter. Hood River Capital Management LLC now owns 815,456 shares of the semiconductor company’s stock worth $17,084,000 after purchasing an additional 20,904 shares in the last quarter. Finally, State Street Corp lifted its stake in Axcelis Technologies by 8.8% in the 2nd quarter. State Street Corp now owns 547,721 shares of the semiconductor company’s stock worth $11,475,000 after purchasing an additional 44,530 shares in the last quarter. 75.47% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on ACLS. B. Riley reissued a “buy” rating and issued a $30.00 target price on shares of Axcelis Technologies in a research note on Friday, August 4th. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Thursday, November 2nd. Stifel Nicolaus raised their target price on shares of Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a research note on Wednesday, November 1st. ValuEngine lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, BidaskClub lowered shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $31.33.

Axcelis Technologies, Inc. (NASDAQ:ACLS) opened at $36.62 on Monday. Axcelis Technologies, Inc. has a 12 month low of $12.65 and a 12 month high of $37.05. The firm has a market cap of $1,140.00, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 1.27 and a beta of 1.10.

In other news, VP Lynnette C. Fallon sold 56,250 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $32.92, for a total transaction of $1,851,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Kurtzweil sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total transaction of $61,254.00. The disclosure for this sale can be found here. Insiders sold a total of 265,038 shares of company stock worth $8,016,850 over the last three months. Corporate insiders own 5.66% of the company’s stock.

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About Axcelis Technologies

Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.

Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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