Charles Schwab Investment Management Inc. Sells 110,163 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 24.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 347,023 shares of the semiconductor company's stock after selling 110,163 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.06% of Axcelis Technologies worth $36,385,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. bought a new stake in shares of Axcelis Technologies in the 3rd quarter valued at $572,000. Intech Investment Management LLC boosted its stake in shares of Axcelis Technologies by 157.3% in the 3rd quarter. Intech Investment Management LLC now owns 11,094 shares of the semiconductor company's stock valued at $1,163,000 after purchasing an additional 6,782 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Axcelis Technologies by 12.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 510,894 shares of the semiconductor company's stock valued at $53,568,000 after purchasing an additional 55,048 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Axcelis Technologies by 27.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,293 shares of the semiconductor company's stock valued at $136,000 after purchasing an additional 280 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in shares of Axcelis Technologies by 51.2% in the 3rd quarter. Quest Partners LLC now owns 3,975 shares of the semiconductor company's stock valued at $417,000 after purchasing an additional 1,346 shares during the last quarter. 89.98% of the stock is owned by institutional investors.

Axcelis Technologies Stock Down 1.4 %

ACLS traded down $1.07 during trading on Tuesday, hitting $76.20. 432,304 shares of the company's stock were exchanged, compared to its average volume of 730,358. 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 business's 50 day moving average is $88.95 and its two-hundred day moving average is $109.60. Axcelis Technologies, Inc. has a fifty-two week low of $69.35 and a fifty-two week high of $158.61. The stock has a market cap of $2.48 billion, a P/E ratio of 11.27, a PEG ratio of 2.41 and a beta of 1.53.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ACLS. Benchmark downgraded shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Axcelis Technologies presently has an average rating of "Moderate Buy" and an average target price of $167.33.

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.