Axcelis Technologies, Inc. (ACLS) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System trimmed its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,362 shares of the semiconductor company’s stock after selling 1,786 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.06% of Axcelis Technologies worth $502,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ACLS. Royal Bank of Canada increased its holdings in shares of Axcelis Technologies by 391.3% during the 2nd quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock worth $103,000 after buying an additional 3,913 shares during the last quarter. Creative Planning increased its holdings in shares of Axcelis Technologies by 22,400.0% during the 2nd quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock worth $118,000 after buying an additional 5,600 shares during the last quarter. J.P. Marvel Investment Advisors LLC acquired a new stake in shares of Axcelis Technologies during the 2nd quarter worth $220,000. Voya Investment Management LLC acquired a new stake in shares of Axcelis Technologies during the 2nd quarter worth $271,000. Finally, Navellier & Associates Inc acquired a new stake in shares of Axcelis Technologies during the 2nd quarter worth $379,000. Institutional investors and hedge funds own 75.47% of the company’s stock.

In related news, VP Lynnette C. Fallon sold 56,250 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $32.92, for a total transaction of $1,851,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John E. Aldeborgh sold 87,500 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $33.22, for a total transaction of $2,906,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 265,038 shares of company stock valued at $8,016,850. 5.66% of the stock is owned by corporate insiders.

Shares of Axcelis Technologies, Inc. (NASDAQ ACLS) opened at $35.00 on Tuesday. Axcelis Technologies, Inc. has a 12-month low of $12.65 and a 12-month high of $36.20. The firm has a market cap of $1,070.00, a price-to-earnings ratio of 30.35, a P/E/G ratio of 1.19 and a beta of 1.10.

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ACLS has been the subject of a number of research analyst reports. Benchmark Co. restated a “buy” rating and set a $28.00 price objective (up from $24.00) on shares of Axcelis Technologies in a report on Friday, September 8th. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. B. Riley reaffirmed a “buy” rating and set a $30.00 price target on shares of Axcelis Technologies in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Thursday, November 2nd. Finally, Craig Hallum cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $31.33.

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.

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

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