Reinhart Partners LLC. Buys 348,504 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Reinhart Partners LLC. increased its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 50.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,036,112 shares of the semiconductor company’s stock after buying an additional 348,504 shares during the quarter. Axcelis Technologies accounts for 2.8% of Reinhart Partners LLC.’s investment portfolio, making the stock its 13th largest holding. Reinhart Partners LLC.’s holdings in Axcelis Technologies were worth $72,393,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Harbor Capital Advisors Inc. grew its stake in Axcelis Technologies by 45.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 87,825 shares of the semiconductor company’s stock valued at $6,136,000 after purchasing an additional 27,497 shares during the period. Tidal Investments LLC grew its stake in Axcelis Technologies by 420.1% in the 3rd quarter. Tidal Investments LLC now owns 8,858 shares of the semiconductor company’s stock valued at $929,000 after purchasing an additional 7,155 shares during the period. Virtu Financial LLC bought a new position in Axcelis Technologies in the 3rd quarter valued at $700,000. Neo Ivy Capital Management purchased a new position in shares of Axcelis Technologies during the 3rd quarter valued at $1,312,000. Finally, Geode Capital Management LLC lifted its position in shares of Axcelis Technologies by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company’s stock valued at $91,708,000 after buying an additional 28,141 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

Shares of NASDAQ:ACLS traded down $1.30 on Monday, hitting $68.14. The company’s stock had a trading volume of 182,104 shares, compared to its average volume of 518,041. The company has a 50-day simple moving average of $75.15 and a 200 day simple moving average of $98.97. Axcelis Technologies, Inc. has a 1 year low of $66.75 and a 1 year high of $158.61. The company has a market capitalization of $2.21 billion, a PE ratio of 10.08, 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.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Axcelis Technologies currently has an average 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.