Donald Smith & CO. Inc. trimmed its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 13.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,282,471 shares of the semiconductor company’s stock after selling 353,227 shares during the period. Axcelis Technologies makes up about 1.5% of Donald Smith & CO. Inc.’s holdings, making the stock its 21st biggest holding. Donald Smith & CO. Inc. owned 7.27% of Axcelis Technologies worth $62,426,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in Axcelis Technologies by 391.3% in the 2nd quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 3,913 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Axcelis Technologies by 143.7% during the third quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 2,350 shares in the last quarter. Creative Planning grew its stake in shares of Axcelis Technologies by 22,400.0% during the second 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. J.P. Marvel Investment Advisors LLC acquired a new stake in shares of Axcelis Technologies during the second quarter valued at about $220,000. Finally, Voya Investment Management LLC acquired a new stake in shares of Axcelis Technologies during the second quarter valued at about $271,000. Institutional investors and hedge funds own 75.47% of the company’s stock.

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) traded up $1.60 during midday trading on Wednesday, reaching $36.60. 746,600 shares of the company’s stock were exchanged, compared to its average volume of 427,527. Axcelis Technologies, Inc. has a 1 year low of $12.65 and a 1 year high of $36.63. The company has a market capitalization of $1,110.00, a PE ratio of 30.97, a P/E/G ratio of 1.22 and a beta of 1.10.

Several analysts have recently weighed in on ACLS shares. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, September 15th. ValuEngine raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Craig Hallum cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Benchmark Co. reaffirmed a “buy” rating and set a $28.00 price target (up previously from $24.00) on shares of Axcelis Technologies in a research report on Friday, September 8th. Finally, B. Riley increased their price target on shares of Axcelis Technologies from $30.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $31.33.

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In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $34.03, for a total value of $61,254.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kevin J. Brewer sold 62,348 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $22.46, for a total transaction of $1,400,336.08. The disclosure for this sale can be found here. Insiders sold 265,038 shares of company stock worth $8,016,850 in the last three months. 5.66% of the stock is currently owned by corporate insiders.

Axcelis Technologies Company 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.

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

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