Harbor Capital Advisors Inc. Grows Stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Harbor Capital Advisors Inc. increased its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 45.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,825 shares of the semiconductor company’s stock after purchasing an additional 27,497 shares during the period. Harbor Capital Advisors Inc. owned 0.27% of Axcelis Technologies worth $6,136,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ACLS. Ashton Thomas Private Wealth LLC purchased a new position in shares of Axcelis Technologies in the second quarter worth $39,000. Meeder Asset Management Inc. purchased a new stake in Axcelis Technologies in the 2nd quarter worth $69,000. Truvestments Capital LLC purchased a new stake in Axcelis Technologies in the 3rd quarter worth $69,000. KBC Group NV boosted its holdings in shares of Axcelis Technologies by 30.3% during the 3rd quarter. KBC Group NV now owns 934 shares of the semiconductor company’s stock valued at $98,000 after purchasing an additional 217 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Axcelis Technologies by 37.2% during the third quarter. GAMMA Investing LLC now owns 999 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 271 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Price Performance

NASDAQ:ACLS opened at $69.44 on Friday. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 2.36 and a beta of 1.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. The business has a 50 day simple moving average of $75.15 and a 200-day simple moving average of $99.55. Axcelis Technologies, Inc. has a 1 year low of $67.27 and a 1 year high of $158.61.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.33.

About Axcelis Technologies

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.