Dynamic Technology Lab Private Ltd Takes Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

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

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC grew its position in Axcelis Technologies by 348.9% in the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 164 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Axcelis Technologies by 223.8% in the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 188 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Axcelis Technologies during the second quarter worth about $39,000. Isthmus Partners LLC increased its stake in Axcelis Technologies by 87.3% during the second quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 15,507 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Axcelis Technologies during the second quarter valued at about $69,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. B. Riley reduced their target price on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Benchmark downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Axcelis Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $167.33.

Axcelis Technologies Trading Down 3.9 %

Shares of ACLS opened at $74.45 on Wednesday. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.42 billion, a PE ratio of 11.01, a PEG ratio of 2.34 and a beta of 1.60. Axcelis Technologies, Inc. has a 1 year low of $69.35 and a 1 year high of $158.61. The stock has a 50 day simple moving average of $91.06 and a 200-day simple moving average of $110.67.

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.