Tidal Investments LLC Buys 7,155 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Tidal Investments LLC lifted its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 420.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,858 shares of the semiconductor company’s stock after acquiring an additional 7,155 shares during the period. Tidal Investments LLC’s holdings in Axcelis Technologies were worth $929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Axcelis Technologies by 223.8% during the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 188 shares in the last quarter. Fifth Third Bancorp grew its stake in Axcelis Technologies by 1,514.9% in the second quarter. Fifth Third Bancorp now owns 2,826 shares of the semiconductor company’s stock valued at $402,000 after acquiring an additional 2,651 shares during the period. Atria Wealth Solutions Inc. increased its holdings in shares of Axcelis Technologies by 18.6% in the second quarter. Atria Wealth Solutions Inc. now owns 8,668 shares of the semiconductor company’s stock worth $1,233,000 after acquiring an additional 1,362 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Axcelis Technologies by 1.2% during the second quarter. Louisiana State Employees Retirement System now owns 16,400 shares of the semiconductor company’s stock worth $2,332,000 after purchasing an additional 200 shares during the period. Finally, LRI Investments LLC lifted its holdings in shares of Axcelis Technologies by 82.3% during the 2nd quarter. LRI Investments LLC now owns 2,160 shares of the semiconductor company’s stock valued at $307,000 after purchasing an additional 975 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

Shares of ACLS opened at $69.47 on Friday. 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 $68.23 and a 12 month high of $158.61. The firm has a fifty day simple moving average of $81.24 and a 200 day simple moving average of $105.92. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 2.36 and a beta of 1.53.

Analyst Ratings Changes

A number of research analysts have weighed in on ACLS shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Axcelis Technologies has an average rating of “Moderate Buy” and an average price target of $167.33.

Axcelis Technologies 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.