Harbor Capital Advisors Inc. Purchases 27,497 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Harbor Capital Advisors Inc. grew its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 45.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,825 shares of the semiconductor company’s stock after buying an additional 27,497 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Axcelis Technologies were worth $6,136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new position in Axcelis Technologies in the 2nd quarter valued at $39,000. Meeder Asset Management Inc. purchased a new stake in shares of Axcelis Technologies during the second quarter valued at $69,000. Truvestments Capital LLC bought a new position in shares of Axcelis Technologies in the third quarter worth about $69,000. KBC Group NV lifted its holdings in Axcelis Technologies by 30.3% during the 3rd quarter. KBC Group NV now owns 934 shares of the semiconductor company’s stock valued at $98,000 after buying an additional 217 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Axcelis Technologies by 37.2% in the 3rd quarter. GAMMA Investing LLC now owns 999 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 271 shares during the period. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ACLS shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research 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, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $69.44 on Friday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 2.36 and a beta of 1.53. Axcelis Technologies, Inc. has a 52-week low of $67.27 and a 52-week high of $158.61. 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 company’s 50 day moving average is $75.15 and its 200 day moving average is $99.55.

Axcelis Technologies Profile

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.