Hood River Capital Management LLC trimmed its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 31.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 555,628 shares of the semiconductor company’s stock after selling 259,828 shares during the quarter. Hood River Capital Management LLC owned 1.77% of Axcelis Technologies worth $15,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in Axcelis Technologies by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,397 shares of the semiconductor company’s stock valued at $510,000 after purchasing an additional 660 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Axcelis Technologies by 1.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 79,807 shares of the semiconductor company’s stock valued at $1,672,000 after buying an additional 1,147 shares during the period. American International Group Inc. lifted its holdings in shares of 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 buying an additional 1,184 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Axcelis Technologies by 4.7% in the 2nd quarter. New York State Common Retirement Fund now owns 30,975 shares of the semiconductor company’s stock valued at $649,000 after buying an additional 1,399 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Axcelis Technologies by 5.2% in the 2nd quarter. Wells Fargo & Company MN now owns 28,572 shares of the semiconductor company’s stock valued at $599,000 after buying an additional 1,416 shares during the period. Hedge funds and other institutional investors own 73.55% of the company’s stock.

In other news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin J. Brewer sold 17,339 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $20.75, for a total value of $359,784.25. The disclosure for this sale can be found here. Insiders have sold 282,377 shares of company stock valued at $8,376,635 in the last three months. Insiders own 5.66% of the company’s stock.

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) traded up $0.65 during trading on Friday, hitting $34.65. The company’s stock had a trading volume of 514,400 shares, compared to its average volume of 425,311. Axcelis Technologies, Inc. has a fifty-two week low of $12.65 and a fifty-two week high of $36.20. The firm has a market capitalization of $1,080.00, a PE ratio of 30.09, a P/E/G ratio of 1.22 and a beta of 1.10.

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ACLS has been the subject of several analyst reports. Zacks Investment Research raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, September 15th. ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Craig Hallum cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Benchmark Co. reissued a “buy” rating and issued a $28.00 price objective (up previously from $24.00) on shares of Axcelis Technologies in a report on Friday, September 8th. Finally, B. Riley upped their price target on Axcelis Technologies from $30.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $31.33.

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.

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

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