GSA Capital Partners LLP Sells 50,088 Shares of Axcelis Technologies Inc (ACLS)

GSA Capital Partners LLP trimmed its position in shares of Axcelis Technologies Inc (NASDAQ:ACLS) by 62.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,677 shares of the semiconductor company’s stock after selling 50,088 shares during the period. GSA Capital Partners LLP owned approximately 0.10% of Axcelis Technologies worth $839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACLS. Teachers Advisors LLC raised its position in Axcelis Technologies by 3.4% in the first quarter. Teachers Advisors LLC now owns 48,234 shares of the semiconductor company’s stock worth $907,000 after purchasing an additional 1,568 shares in the last quarter. Russell Investments Group Ltd. raised its position in Axcelis Technologies by 247.3% in the second quarter. Russell Investments Group Ltd. now owns 161,665 shares of the semiconductor company’s stock worth $3,386,000 after purchasing an additional 115,111 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Axcelis Technologies by 31.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 62,100 shares of the semiconductor company’s stock worth $1,301,000 after purchasing an additional 15,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in Axcelis Technologies by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 170,554 shares of the semiconductor company’s stock worth $3,573,000 after purchasing an additional 7,424 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Axcelis Technologies by 60,456.3% in the second quarter. BNP Paribas Arbitrage SA now owns 67,823 shares of the semiconductor company’s stock worth $1,421,000 after purchasing an additional 67,711 shares in the last quarter. Institutional investors and hedge funds own 77.95% of the company’s stock.

Shares of Axcelis Technologies Inc (NASDAQ ACLS) opened at $29.30 on Wednesday. Axcelis Technologies Inc has a twelve month low of $14.00 and a twelve month high of $37.05. The company has a market cap of $914.86, a price-to-earnings ratio of 24.62, a P/E/G ratio of 1.03 and a beta of 1.07.

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,800 shares of Axcelis Technologies stock in a transaction on 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 document filed with the SEC, which is available through this hyperlink. Also, CFO Kevin J. Brewer sold 44,640 shares of Axcelis Technologies stock in a transaction on Monday, November 13th. The shares were sold at an average price of $33.93, for a total transaction of $1,514,635.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,190 shares of company stock worth $6,334,389. 5.66% of the stock is currently owned by company insiders.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Thursday, November 2nd. Stifel Nicolaus raised their price target on shares of Axcelis Technologies from $20.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, November 1st. B. Riley raised their price objective on shares of Axcelis Technologies from $30.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. ValuEngine cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $28.00 price objective (up from $24.00) on shares of Axcelis Technologies in a research note on Friday, September 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Axcelis Technologies has an average rating of “Buy” and an average target price 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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