Teachers Retirement System of The State of Kentucky acquired a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 8,400 shares of the semiconductor company’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ACLS. Russell Investments Group Ltd. grew its stake in shares of Axcelis Technologies by 247.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 161,665 shares of the semiconductor company’s stock valued at $3,386,000 after purchasing an additional 115,111 shares during the period. Swiss National Bank bought a new stake in shares of Axcelis Technologies during the 2nd quarter valued at about $1,029,000. Virtu KCG Holdings LLC bought a new stake in shares of Axcelis Technologies during the 2nd quarter valued at about $672,000. Vanguard Group Inc. grew its stake in shares of Axcelis Technologies by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,282,745 shares of the semiconductor company’s stock valued at $26,873,000 after purchasing an additional 57,052 shares during the period. Finally, KBC Group NV grew its stake in shares of Axcelis Technologies by 138.0% during the 2nd quarter. KBC Group NV now owns 77,218 shares of the semiconductor company’s stock valued at $1,618,000 after purchasing an additional 44,775 shares during the period. Institutional investors own 78.05% of the company’s stock.

Axcelis Technologies, Inc. (NASDAQ ACLS) opened at $31.05 on Monday. Axcelis Technologies, Inc. has a 12-month low of $12.70 and a 12-month high of $37.05. The firm has a market capitalization of $975.37, a PE ratio of 27.48, a PEG ratio of 1.08 and a beta of 1.07.

In other news, VP Lynnette C. Fallon sold 56,250 shares of Axcelis Technologies stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $32.92, for a total transaction of $1,851,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John E. Aldeborgh sold 87,500 shares of Axcelis Technologies stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $33.22, for a total value of $2,906,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 265,038 shares of company stock worth $8,016,850. Insiders own 5.66% of the company’s stock.

A number of equities research analysts have issued reports on the company. B. Riley restated a “buy” rating and set a $30.00 price target on shares of Axcelis Technologies in a research note on Wednesday, August 9th. ValuEngine downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Stifel Nicolaus boosted their price target on Axcelis Technologies from $20.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. Finally, Craig Hallum downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. One research 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 has an average rating of “Hold” and an average price target of $31.33.

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

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