California Public Employees Retirement System reduced its position in Axcelis Technologies Inc (NASDAQ:ACLS) by 4.6% in the third quarter, Holdings Channel reports. The institutional investor owned 176,533 shares of the semiconductor company’s stock after selling 8,442 shares during the period. California Public Employees Retirement System’s holdings in Axcelis Technologies were worth $4,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in ACLS. Schwab Charles Investment Management Inc. grew its position in shares of 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 valued at $1,301,000 after purchasing an additional 15,000 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Axcelis Technologies by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 170,554 shares of the semiconductor company’s stock valued at $3,573,000 after buying an additional 7,424 shares during the period. Swiss National Bank bought a new stake in Axcelis Technologies during the second quarter valued at $1,029,000. Engineers Gate Manager LP bought a new stake in Axcelis Technologies during the second quarter valued at $1,474,000. Finally, Wells Fargo & Company MN boosted its stake in Axcelis Technologies by 5.2% during the second 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. Institutional investors own 77.95% of the company’s stock.

In other Axcelis Technologies news, EVP John E. Aldeborgh sold 87,500 shares of Axcelis Technologies stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $33.22, for a total transaction of $2,906,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lynnette C. Fallon sold 56,250 shares of Axcelis Technologies stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $32.92, for a total value of $1,851,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 190,190 shares of company stock valued at $6,334,389. Corporate insiders own 5.66% of the company’s stock.

Shares of Axcelis Technologies Inc (ACLS) opened at $31.30 on Tuesday. Axcelis Technologies Inc has a 52 week low of $14.45 and a 52 week high of $37.05. The stock has a market capitalization of $977.30, a PE ratio of 26.30, a price-to-earnings-growth ratio of 0.86 and a beta of 1.10.

Several research firms recently issued reports on ACLS. Zacks Investment Research raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Thursday, November 2nd. Stifel Nicolaus lifted their price objective on Axcelis Technologies from $20.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. ValuEngine lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. B. Riley reissued a “buy” rating and set a $39.00 price objective on shares of Axcelis Technologies in a research note on Tuesday, December 5th. Finally, BidaskClub lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Axcelis Technologies presently has an average rating of “Buy” and a consensus target price of $31.33.

ILLEGAL ACTIVITY NOTICE: “California Public Employees Retirement System Sells 8,442 Shares of Axcelis Technologies Inc (ACLS)” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://www.dailypolitical.com/2018/01/09/california-public-employees-retirement-system-sells-8442-shares-of-axcelis-technologies-inc-acls.html.

About Axcelis Technologies

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.

Want to see what other hedge funds are holding ACLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axcelis Technologies Inc (NASDAQ:ACLS).

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

Receive News & Ratings for Axcelis Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axcelis Technologies and related companies with MarketBeat.com's FREE daily email newsletter.