Axcelis Technologies, Inc. (NASDAQ:ACLS) Position Lessened by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLSFree Report) by 28.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,922 shares of the semiconductor company’s stock after selling 4,817 shares during the period. Janney Montgomery Scott LLC’s holdings in Axcelis Technologies were worth $1,546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. raised its holdings in Axcelis Technologies by 17.1% during the third quarter. Invesco Ltd. now owns 970,409 shares of the semiconductor company’s stock valued at $158,225,000 after buying an additional 141,372 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Axcelis Technologies by 11.8% during the third quarter. Ameriprise Financial Inc. now owns 447,869 shares of the semiconductor company’s stock valued at $73,036,000 after buying an additional 47,133 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Axcelis Technologies by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 431,113 shares of the semiconductor company’s stock valued at $55,911,000 after buying an additional 17,635 shares in the last quarter. Northern Trust Corp raised its holdings in Axcelis Technologies by 2.0% during the third quarter. Northern Trust Corp now owns 392,377 shares of the semiconductor company’s stock valued at $63,977,000 after buying an additional 7,595 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in Axcelis Technologies during the third quarter valued at about $40,425,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Axcelis Technologies Stock Up 1.9 %

ACLS stock opened at $111.37 on Tuesday. Axcelis Technologies, Inc. has a twelve month low of $93.77 and a twelve month high of $201.00. The company has a market cap of $3.62 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 2.70 and a beta of 1.64. The business’s 50-day simple moving average is $108.01 and its 200 day simple moving average is $118.47. The company has a quick ratio of 2.87, a current ratio of 4.00 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLSGet Free Report) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.31. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The business had revenue of $252.37 million for the quarter, compared to the consensus estimate of $242.55 million. On average, research analysts anticipate that Axcelis Technologies, Inc. will post 6.41 earnings per share for the current year.

Analyst Ratings Changes

ACLS has been the topic of several recent research reports. B. Riley cut their target price on Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, May 3rd. Benchmark dropped their price objective on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Friday, May 3rd. Finally, B. Riley Financial dropped their price objective on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $169.00.

View Our Latest Stock Report on Axcelis Technologies

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of Axcelis Technologies stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $114.42, for a total transaction of $137,304.00. Following the sale, the director now directly owns 33,146 shares of the company’s stock, valued at $3,792,565.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.14% of the company’s stock.

About Axcelis Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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