California State Teachers Retirement System trimmed its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,217 shares of the semiconductor company’s stock after selling 4,200 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Axcelis Technologies worth $1,115,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in Axcelis Technologies by 247.3% during the 2nd 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 during the last quarter. Virtu KCG Holdings LLC purchased a new position in Axcelis Technologies during the 2nd quarter worth $672,000. Swiss National Bank purchased a new position in Axcelis Technologies during the 2nd quarter worth $1,029,000. KBC Group NV grew its position in Axcelis Technologies by 138.0% during the 2nd quarter. KBC Group NV now owns 77,218 shares of the semiconductor company’s stock worth $1,618,000 after purchasing an additional 44,775 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Axcelis Technologies by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 1,225,693 shares of the semiconductor company’s stock worth $23,043,000 after purchasing an additional 61,085 shares during the last quarter. 75.47% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on ACLS. B. Riley reissued a “buy” rating and set a $30.00 price objective on shares of Axcelis Technologies in a research report on Friday, August 4th. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Thursday, November 2nd. Stifel Nicolaus raised their price objective on shares of Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. ValuEngine downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, BidaskClub downgraded shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Axcelis Technologies has a consensus rating of “Hold” and a consensus price target of $31.33.

Shares of Axcelis Technologies, Inc. (ACLS) opened at $36.62 on Friday. The firm has a market cap of $1,110.46, a PE ratio of 31.28, a PEG ratio of 1.23 and a beta of 1.10. Axcelis Technologies, Inc. has a fifty-two week low of $12.65 and a fifty-two week high of $37.05.

In other news, Director John T. Kurtzweil sold 1,800 shares of Axcelis Technologies stock in a transaction dated 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 filing with the SEC, which is available at this hyperlink. Also, CFO Kevin J. Brewer sold 62,348 shares of Axcelis Technologies stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $22.46, for a total transaction of $1,400,336.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 265,038 shares of company stock worth $8,016,850. Insiders own 5.66% of the company’s stock.

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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.

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

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