Wellington Management Group LLP Has $21.34 Million Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Wellington Management Group LLP cut its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 20.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,513 shares of the semiconductor company’s stock after selling 53,386 shares during the period. Wellington Management Group LLP owned 0.63% of Axcelis Technologies worth $21,338,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. CWM LLC increased its stake in shares of Axcelis Technologies by 4.8% during the 2nd quarter. CWM LLC now owns 1,506 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 69 shares during the last quarter. Xponance Inc. increased its stake in shares of Axcelis Technologies by 4.7% during the 2nd quarter. Xponance Inc. now owns 2,061 shares of the semiconductor company’s stock worth $293,000 after purchasing an additional 92 shares during the last quarter. Evergreen Capital Management LLC increased its stake in shares of 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 purchasing an additional 114 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Axcelis Technologies by 11.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company’s stock worth $112,000 after purchasing an additional 114 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Axcelis Technologies by 5.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,398 shares of the semiconductor company’s stock worth $251,000 after purchasing an additional 132 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Stock Performance

NASDAQ ACLS opened at $75.29 on Friday. 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 has a market capitalization of $2.45 billion, a P/E ratio of 11.14, a P/E/G ratio of 2.36 and a beta of 1.53. Axcelis Technologies, Inc. has a 12-month low of $69.35 and a 12-month high of $158.61. The firm has a 50-day moving average price of $84.50 and a two-hundred day moving average price of $107.60.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Benchmark downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from 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.