Janney Montgomery Scott LLC Has $1.12 Million Stock Position in Axcelis Technologies, Inc. (NASDAQ:ACLS)

Janney Montgomery Scott LLC reduced its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 50.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,993 shares of the semiconductor company's stock after selling 16,057 shares during the period. Janney Montgomery Scott LLC's holdings in Axcelis Technologies were worth $1,117,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in shares of Axcelis Technologies by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 23,751 shares of the semiconductor company's stock worth $2,490,000 after purchasing an additional 6,786 shares during the last quarter. Royce & Associates LP increased its stake in shares of Axcelis Technologies by 157.1% during the 3rd quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company's stock worth $28,694,000 after purchasing an additional 167,235 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Axcelis Technologies by 243.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 60,328 shares of the semiconductor company's stock worth $6,325,000 after purchasing an additional 42,779 shares during the last quarter. Annex Advisory Services LLC increased its stake in shares of Axcelis Technologies by 72.0% during the 3rd quarter. Annex Advisory Services LLC now owns 12,226 shares of the semiconductor company's stock worth $1,282,000 after purchasing an additional 5,118 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Axcelis Technologies by 51.4% during the 3rd quarter. FMR LLC now owns 263,332 shares of the semiconductor company's stock worth $27,610,000 after purchasing an additional 89,453 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ACLS. Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a report on Friday, November 8th. Benchmark downgraded shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, Craig Hallum reduced their target price on shares of Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.83.

Axcelis Technologies Stock Performance

NASDAQ ACLS traded down $1.59 during trading on Friday, reaching $63.87. The company's stock had a trading volume of 876,821 shares, compared to its average volume of 501,438. The firm has a 50 day moving average price of $71.47 and a 200 day moving average price of $89.41. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 12 month low of $63.08 and a 12 month high of $158.61.

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.