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Is Axcelis Technologies Inc (ACLS) A Good Stock to Buy?

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Axcelis Technologies Inc (NASDAQ:ACLS) shareholders have witnessed a decrease in enthusiasm from smart money in recent months. There were 12 hedge funds in our database with ACLS positions at the end of the second quarter, which had fallen to 10 by the end of the third quarter. At the end of this article we will also compare ACLS to other stocks including Fly Leasing Ltd(ADR) (NYSE:FLY), Audentes Therapeutics Inc (NASDAQ:BOLD), and Beazer Homes USA, Inc. (NYSE:BZH) to get a better sense of its popularity.

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How are hedge funds trading Axcelis Technologies Inc (NASDAQ:ACLS)?

At Q3’s end, a total of 10 of the hedge funds tracked by Insider Monkey were long this stock, a 17% drop from the previous quarter, and the fourth-straight quarter in which hedge fund ownership of ACLS has fallen. Below, you can check out the change in hedge fund sentiment towards ACLS over the last 5 quarters. So, let’s review which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

HedgeFundSentimentChart

According to Insider Monkey’s hedge fund database, Richard Mashaal’s RIMA Senvest Management has the most valuable position in Axcelis Technologies Inc (NASDAQ:ACLS), worth close to $37.2 million, accounting for 2.7% of its total 13F portfolio. The second largest stake is held by Ken Grossman and Glen Schneider of SG Capital Management, which has an $11.5 million position; 3.3% of its 13F portfolio is allocated to the company. Some other peers that hold long positions consist of Chuck Royce’s Royce & Associates, D E Shaw, one of the biggest hedge funds in the world, and Jim Simons’ Renaissance Technologies. We should note that SG Capital Management is among our list of the 100 best performing hedge funds, which is based on the performance of their 13F long positions in non-micro-cap stocks.

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