Blue Trust Inc. Has $44,000 Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Blue Trust Inc. increased its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 85.5% in the 4th quarter, Holdings Channel reports. The firm owned 627 shares of the semiconductor company’s stock after purchasing an additional 289 shares during the period. Blue Trust Inc.’s holdings in Axcelis Technologies were worth $44,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in ACLS. Avior Wealth Management LLC raised its position in shares of Axcelis Technologies by 1,153.8% in the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 450 shares during the period. Truvestments Capital LLC acquired a new position in Axcelis Technologies in the 3rd quarter valued at $69,000. KBC Group NV raised its holdings in Axcelis Technologies by 30.3% in the 3rd quarter. KBC Group NV now owns 934 shares of the semiconductor company’s stock worth $98,000 after acquiring an additional 217 shares during the period. GAMMA Investing LLC lifted its position in Axcelis Technologies by 37.2% during the 3rd quarter. GAMMA Investing LLC now owns 999 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 271 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Axcelis Technologies by 11.9% in the third quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company’s stock valued at $112,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Finally, Craig Hallum dropped their target price on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

Axcelis Technologies Trading Down 2.4 %

Axcelis Technologies stock opened at $63.87 on Monday. Axcelis Technologies, Inc. has a 12 month low of $63.08 and a 12 month high of $158.61. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52. The business has a 50 day moving average price of $71.47 and a two-hundred day moving average price of $89.08. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04.

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.