Kornitzer Capital Management Inc. KS Raises Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Kornitzer Capital Management Inc. KS raised its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 32.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,080 shares of the semiconductor company’s stock after purchasing an additional 15,810 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Axcelis Technologies were worth $6,719,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ACLS. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Axcelis Technologies by 8.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,409 shares of the semiconductor company’s stock valued at $5,363,000 after purchasing an additional 3,579 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Axcelis Technologies by 143.3% during the first quarter. Janney Montgomery Scott LLC now owns 29,006 shares of the semiconductor company’s stock valued at $3,235,000 after buying an additional 17,084 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Axcelis Technologies during the first quarter valued at approximately $594,000. Texas Permanent School Fund Corp raised its position in shares of Axcelis Technologies by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 28,606 shares of the semiconductor company’s stock valued at $3,190,000 after buying an additional 317 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Axcelis Technologies during the first quarter valued at approximately $791,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ACLS. B. Riley reduced their price objective on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. DA Davidson boosted their price target on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Benchmark reduced their price target on shares of Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Craig Hallum boosted their price target on shares of Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Axcelis Technologies currently has an average rating of “Moderate Buy” and an average target price of $167.33.

Axcelis Technologies Stock Down 1.0 %

Shares of ACLS opened at $87.10 on Friday. The firm has a market capitalization of $2.84 billion, a P/E ratio of 12.00, a P/E/G ratio of 2.57 and a beta of 1.60. Axcelis Technologies, Inc. has a 12-month low of $81.47 and a 12-month high of $158.61. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average price of $97.40 and a 200-day moving average price of $113.22.

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.