Senvest Management Amends Axcelis Technologies Stake

TL;DR

**Senvest Management just updated its stake in Axcelis Technologies, watch for potential market reaction.**

AI Summary

Senvest Management, LLC, an investment firm, filed an amended Schedule 13G/A on February 9, 2024, indicating a change in their ownership of Axcelis Technologies Inc. common stock as of December 31, 2023. This filing updates their previous disclosures, signaling a potential adjustment in their investment strategy or a change in their overall stake in Axcelis. For investors, this matters because significant ownership changes by institutional investors like Senvest can influence stock perception and liquidity, potentially signaling confidence or concern in the company's future performance.

Why It Matters

This filing shows an institutional investor, Senvest Management, LLC, has updated its ownership position in Axcelis Technologies, which can signal shifts in investor sentiment or strategy.

Risk Assessment

Risk Level: low — This is a routine amendment to an ownership disclosure, not indicating any immediate high-risk event for the company.

Analyst Insight

Investors should monitor subsequent filings (like a Schedule 13D/A or future 13G/A) from Senvest Management, LLC to understand the exact nature of the change in their stake in Axcelis Technologies Inc. and assess if it signals a significant shift in their investment thesis.

Key Players & Entities

• Senvest Management, LLC (company) — the reporting person filing the SC 13G/A
• Axcelis Technologies Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G/A
• 054540208 (number) — the CUSIP number for Axcelis Technologies Inc. common stock

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securitie

Filing Documents

• p24-0214sc13ga.htm (SC 13G/A) — 56KB
• 0000902664-24-001374.txt ( ) — 58KB

(a)

Item 1(a). Name of Issuer. Axcelis Technologies, Inc. (the " Issuer ")

(b)

Item 1(b). Address of Issuer's Principal Executive Offices. 108 Cherry Hill Drive, Beverly, MA 01915

(a)

Item 2(a). Name of Person Filing. This statement is filed by Senvest Management, LLC and Richard Mashaal. The reported securities were held in the account of Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP (collectively, the " Investment Vehicles "). Senvest Management, LLC may have been deemed to beneficially own the securities held by the Investment Vehicles by virtue of Senvest Management, LLC's position as investment manager of the Investment Vehicles. Mr. Mashaal may have been deemed to beneficially own the securities held by the Investment Vehicles by virtue of Mr. Mashaal's status as the managing member of Senvest Management, LLC. None of the foregoing should be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein.

(b)

Item 2(b). Address of Principal Business Office. Senvest Management, LLC 540 Madison Avenue, 32 nd Floor New York, New York 10022 Richard Mashaal c/o Senvest Management, LLC 540 Madison Avenue, 32 nd Floor New York, New York 10022

(c)

Item 2(c). Place of Organization. Senvest Management, LLC – Delaware Richard Mashaal – Canada

(d)

Item 2(d). Title of Class of Securities. Common Stock, par value $0.001 per share

(e)

Item 2(e). CUSIP Number. 054540208 CUSIP No. 054540208 13G/A Page 5 of 7 Pages Item 3. If this Statement is Filed Pursuant to §§ 240.13d-1(b) or 240.13d-2(b), or (c), check whether the Person Filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ¨ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following: ý CUSIP No. 054540208 13G/A Page

View Full Filing

View this SC 13G/A filing on SEC EDGAR