Petrus Trust Company LTA Takes $805,000 Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Petrus Trust Company LTA bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,675 shares of the semiconductor company’s stock, valued at approximately $805,000.

Several other hedge funds have also recently added to or reduced their stakes in ACLS. CWM LLC raised its holdings in shares of Axcelis Technologies by 4.8% in the 2nd quarter. CWM LLC now owns 1,506 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 69 shares in the last quarter. Xponance Inc. raised its stake in Axcelis Technologies by 4.7% in the second quarter. Xponance Inc. now owns 2,061 shares of the semiconductor company’s stock valued at $293,000 after buying an additional 92 shares in the last quarter. Andina Capital Management LLC lifted its holdings in Axcelis Technologies by 3.7% during the 2nd quarter. Andina Capital Management LLC now owns 2,791 shares of the semiconductor company’s stock worth $397,000 after buying an additional 99 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in Axcelis Technologies by 6.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 1,984 shares of the semiconductor company’s stock worth $282,000 after buying an additional 114 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Axcelis Technologies by 11.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company’s stock valued at $112,000 after acquiring an additional 114 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Stock Performance

NASDAQ ACLS opened at $76.20 on Wednesday. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $88.40 and its 200 day moving average price is $109.34. Axcelis Technologies, Inc. has a 52-week low of $69.35 and a 52-week high of $158.61. The firm has a market cap of $2.48 billion, a P/E ratio of 11.27, a P/E/G ratio of 2.41 and a beta of 1.53.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Benchmark downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.