Janney Montgomery Scott LLC Sells 16,057 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Janney Montgomery Scott LLC trimmed its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 50.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,993 shares of the semiconductor company’s stock after selling 16,057 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Axcelis Technologies were worth $1,117,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ACLS. State Street Corp boosted its holdings in shares of Axcelis Technologies by 1.5% in the third quarter. State Street Corp now owns 1,233,282 shares of the semiconductor company’s stock valued at $129,310,000 after buying an additional 18,101 shares during the period. Reinhart Partners LLC. lifted its position in Axcelis Technologies by 50.7% in the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock valued at $72,393,000 after acquiring an additional 348,504 shares in the last quarter. Geode Capital Management LLC boosted its stake in Axcelis Technologies by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company’s stock worth $91,708,000 after purchasing an additional 28,141 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Axcelis Technologies by 12.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 510,894 shares of the semiconductor company’s stock worth $53,568,000 after purchasing an additional 55,048 shares in the last quarter. Finally, Boston Trust Walden Corp acquired a new stake in shares of Axcelis Technologies in the 3rd quarter valued at about $53,099,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

ACLS has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Craig Hallum cut their price objective on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Axcelis Technologies Trading Up 1.4 %

Shares of Axcelis Technologies stock opened at $67.10 on Thursday. Axcelis Technologies, Inc. has a 12-month low of $64.18 and a 12-month high of $158.61. 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 $71.97 and its 200-day moving average is $90.25. The stock has a market cap of $2.18 billion, a P/E ratio of 9.93, a P/E/G ratio of 2.48 and a beta of 1.52.

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.