Janney Montgomery Scott LLC Reduces Stock Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Janney Montgomery Scott LLC trimmed its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 22.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,050 shares of the semiconductor company's stock after selling 9,101 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.10% of Axcelis Technologies worth $3,360,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ACLS. Vanguard Group Inc. lifted its holdings in Axcelis Technologies by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company's stock worth $480,040,000 after buying an additional 263,604 shares during the period. Reinhart Partners LLC. raised its holdings in Axcelis Technologies by 64.1% during the 3rd quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company's stock worth $72,096,000 after purchasing an additional 268,560 shares during the last quarter. Boston Trust Walden Corp acquired a new position in shares of Axcelis Technologies in the 3rd quarter worth approximately $53,099,000. Jackson Square Partners LLC boosted its stake in shares of Axcelis Technologies by 49.0% in the 1st quarter. Jackson Square Partners LLC now owns 492,764 shares of the semiconductor company's stock valued at $54,953,000 after purchasing an additional 162,040 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Axcelis Technologies by 7.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 455,846 shares of the semiconductor company's stock worth $64,816,000 after buying an additional 32,695 shares during the period. Institutional investors and hedge funds own 89.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ACLS shares. DA Davidson upped their price target on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, July 15th. B. Riley reduced their price objective on Axcelis Technologies from $190.00 to $165.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Benchmark cut shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research note on Friday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Axcelis Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.33.

Axcelis Technologies Stock Performance

Shares of ACLS traded up $0.25 on Monday, reaching $85.33. 752,280 shares of the company's stock traded hands, compared to its average volume of 631,005. The stock's 50 day simple moving average is $96.91 and its two-hundred day simple moving average is $113.35. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05. Axcelis Technologies, Inc. has a 52-week low of $81.47 and a 52-week high of $158.61. The stock has a market cap of $2.78 billion, a PE ratio of 12.53, a PEG ratio of 2.65 and a beta of 1.60.

Axcelis Technologies Company 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.