abrdn plc Lowers Holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS)

abrdn plc decreased its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 78.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,327 shares of the semiconductor company's stock after selling 121,945 shares during the period. abrdn plc owned about 0.10% of Axcelis Technologies worth $3,500,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Axcelis Technologies by 6.5% in the first quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company's stock valued at $480,040,000 after acquiring an additional 263,604 shares in the last quarter. Reinhart Partners LLC. raised its position in Axcelis Technologies by 64.1% in the 3rd quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company's stock valued at $72,096,000 after purchasing an additional 268,560 shares in the last quarter. Boston Trust Walden Corp acquired a new position in shares of Axcelis Technologies during the third quarter worth about $53,099,000. Jackson Square Partners LLC increased its stake in shares of Axcelis Technologies by 49.0% during the first quarter. Jackson Square Partners LLC now owns 492,764 shares of the semiconductor company's stock worth $54,953,000 after buying an additional 162,040 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Axcelis Technologies by 7.7% in 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 acquiring an additional 32,695 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies news, Director Jorge Titinger sold 6,086 shares of the firm's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total transaction of $669,338.28. Following the transaction, the director now directly owns 5,891 shares of the company's stock, valued at approximately $647,892.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.43% of the stock is owned by insiders.

Axcelis Technologies Stock Performance

ACLS traded down $0.93 during trading on Monday, hitting $85.16. 418,393 shares of the stock were exchanged, compared to its average volume of 625,061. The firm has a market capitalization of $2.78 billion, a P/E ratio of 11.86, a PEG ratio of 2.57 and a beta of 1.60. Axcelis Technologies, Inc. has a 1-year low of $85.05 and a 1-year high of $158.61. The stock has a fifty day moving average price of $99.27 and a two-hundred day moving average price of $113.74. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Benchmark reduced their price objective on shares of Axcelis Technologies from $180.00 to $175.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a report on Friday, August 2nd. B. Riley lowered their price target on Axcelis Technologies from $190.00 to $165.00 and set a "buy" rating for the company in a report on Friday, August 2nd. DA Davidson increased their price target on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, July 15th. Finally, Bank of America boosted their price objective on shares of Axcelis Technologies from $125.00 to $150.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $167.33.

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.