Axcelis Technologies Inc (ACLS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in shares of Axcelis Technologies Inc (NASDAQ:ACLS) by 95.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,618 shares of the semiconductor company’s stock after selling 154,047 shares during the period. Russell Investments Group Ltd.’s holdings in Axcelis Technologies were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ACLS. Schwab Charles Investment Management Inc. lifted its position in shares of Axcelis Technologies by 31.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 62,100 shares of the semiconductor company’s stock worth $1,301,000 after purchasing an additional 15,000 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Axcelis Technologies by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 170,554 shares of the semiconductor company’s stock worth $3,573,000 after purchasing an additional 7,424 shares during the last quarter. Swiss National Bank acquired a new position in shares of Axcelis Technologies during the 2nd quarter worth about $1,029,000. Engineers Gate Manager LP acquired a new position in shares of Axcelis Technologies during the 2nd quarter worth about $1,474,000. Finally, Wells Fargo & Company MN lifted its position in shares of Axcelis Technologies by 5.2% during the 2nd quarter. Wells Fargo & Company MN now owns 28,572 shares of the semiconductor company’s stock worth $599,000 after purchasing an additional 1,416 shares during the last quarter. 77.95% of the stock is owned by institutional investors and hedge funds.

In other Axcelis Technologies news, VP Lynnette C. Fallon sold 56,250 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $32.92, for a total value of $1,851,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Kurtzweil sold 1,800 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total value of $61,254.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,190 shares of company stock valued at $6,334,389. Insiders own 5.66% of the company’s stock.

Axcelis Technologies Inc (NASDAQ:ACLS) opened at $31.00 on Monday. The company has a market capitalization of $967.94, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 0.86 and a beta of 1.10. Axcelis Technologies Inc has a twelve month low of $14.25 and a twelve month high of $37.05.

Several equities analysts have commented on the company. Zacks Investment Research cut Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. B. Riley reaffirmed a “buy” rating and issued a $39.00 price target on shares of Axcelis Technologies in a report on Tuesday, December 5th. Finally, Craig Hallum cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $31.33.

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Axcelis Technologies Company 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.

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

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