Parametric Portfolio Associates LLC Buys New Stake in Axcelis Technologies, Inc. (ACLS)
Parametric Portfolio Associates LLC bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 58,648 shares of the semiconductor company’s stock, valued at approximately $1,229,000. Parametric Portfolio Associates LLC owned 0.19% of Axcelis Technologies at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning lifted its stake in Axcelis Technologies by 22,400.0% in the 2nd quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 5,600 shares in the last quarter. American International Group Inc. lifted its stake in Axcelis Technologies by 7.1% in the 1st quarter. American International Group Inc. now owns 17,943 shares of the semiconductor company’s stock valued at $337,000 after acquiring an additional 1,184 shares in the last quarter. Bank of America Corp DE lifted its stake in Axcelis Technologies by 32.2% in the 1st quarter. Bank of America Corp DE now owns 22,691 shares of the semiconductor company’s stock valued at $427,000 after acquiring an additional 5,527 shares in the last quarter. Menta Capital LLC bought a new stake in Axcelis Technologies in the 2nd quarter valued at approximately $486,000. Finally, Aperio Group LLC bought a new stake in Axcelis Technologies in the 2nd quarter valued at approximately $497,000. Institutional investors and hedge funds own 73.55% of the company’s stock.
Several equities research analysts have commented on ACLS shares. Benchmark Co. restated a “buy” rating and issued a $28.00 target price (up previously from $24.00) on shares of Axcelis Technologies in a research note on Friday, September 8th. Stifel Nicolaus boosted their target price on Axcelis Technologies from $20.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, September 15th. B. Riley restated a “buy” rating and issued a $30.00 target price on shares of Axcelis Technologies in a research note on Friday, August 4th. Finally, ValuEngine cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $31.33.
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In other news, EVP William J. Bintz sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $22.57, for a total transaction of $282,125.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John T. Kurtzweil sold 1,800 shares of the company’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 value of $61,254.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 282,377 shares of company stock worth $8,376,635. Company insiders own 5.66% of the company’s stock.
Shares of Axcelis Technologies, Inc. (ACLS) opened at $34.00 on Thursday. Axcelis Technologies, Inc. has a 12 month low of $12.65 and a 12 month high of $36.20. The stock has a market capitalization of $1,090.04, a P/E ratio of 30.71, a PEG ratio of 1.24 and a beta of 1.10.
Axcelis Technologies Profile
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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