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

Janney Montgomery Scott LLC cut its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 22.1% during the third quarter, HoldingsChannel.com reports. The fund owned 32,050 shares of the semiconductor company’s stock after selling 9,101 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Axcelis Technologies were worth $3,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ACLS. Boston Trust Walden Corp purchased a new position in shares of Axcelis Technologies during the third quarter valued at $53,099,000. Reinhart Partners LLC. increased its holdings in Axcelis Technologies by 64.1% during the third quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company’s stock valued at $72,096,000 after buying an additional 268,560 shares during the period. Vanguard Group Inc. boosted its position 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 valued at $480,040,000 after acquiring an additional 263,604 shares in the last quarter. Granite Investment Partners LLC purchased a new position in shares of Axcelis Technologies in the 2nd quarter valued at $27,801,000. Finally, Boston Partners bought a new position in shares of Axcelis Technologies in the 1st quarter worth $20,819,000. Institutional investors own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ACLS shares. B. Riley lowered their price target on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. DA Davidson raised their target price 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a report on Friday. Finally, Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Price Performance

NASDAQ:ACLS opened at $85.08 on Monday. The firm has a market cap of $2.78 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 2.65 and a beta of 1.60. The stock has a 50 day moving average of $96.91 and a two-hundred day moving average of $113.25. Axcelis Technologies, Inc. has a 12 month low of $81.47 and a 12 month high of $158.61. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05.

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.