Swiss National Bank boosted its stake in Axcelis Technologies Inc (NASDAQ:ACLS) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,200 shares of the semiconductor company’s stock after acquiring an additional 4,100 shares during the period. Swiss National Bank owned about 0.17% of Axcelis Technologies worth $1,527,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in ACLS. SG Capital Management LLC purchased a new stake in Axcelis Technologies in the third quarter valued at $6,192,000. Allianz Asset Management GmbH purchased a new stake in shares of Axcelis Technologies in the third quarter valued at about $2,538,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Axcelis Technologies by 146.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 153,103 shares of the semiconductor company’s stock valued at $4,188,000 after buying an additional 91,003 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Axcelis Technologies in the fourth quarter valued at about $2,562,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of Axcelis Technologies in the second quarter valued at about $1,229,000. 89.30% of the stock is owned by hedge funds and other institutional investors.
Axcelis Technologies Inc (NASDAQ:ACLS) opened at $26.80 on Tuesday. Axcelis Technologies Inc has a one year low of $14.60 and a one year high of $37.05. The stock has a market cap of $860.49, a PE ratio of 18.26, a PEG ratio of 1.01 and a beta of 1.05.
A number of brokerages have recently commented on ACLS. Needham & Company LLC reduced their target price on shares of Axcelis Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Stifel Nicolaus raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Monday, January 22nd. Zacks Investment Research cut shares of Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. B. Riley reaffirmed a “buy” rating and issued a $39.00 target price on shares of Axcelis Technologies in a report on Tuesday, December 5th. Finally, BidaskClub cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Axcelis Technologies presently has a consensus rating of “Hold” and an average target price of $32.50.
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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.
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