Janney Montgomery Scott LLC Acquires 19,820 Shares of Axcelis Technologies, Inc. $ACLS

Key Points

• Janney Montgomery Scott LLC increased its stake in Axcelis Technologies by 103.8% in Q2, acquiring an additional 19,820 shares, bringing its total holdings to 38,923 shares valued at approximately $2.71 million.
• Several other institutional investors have also significantly expanded their stakes in Axcelis Technologies, culminating in 89.98% of the company's stock now being owned by institutional investors.
• Analyst ratings for Axcelis Technologies have varied, with some upgrading the stock to a "buy" rating and setting price targets between $75.00 and $110.00, while the consensus rating remains a "hold" with an average price target of $98.75.

Janney Montgomery Scott LLC raised its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 103.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,923 shares of the semiconductor company's stock after acquiring an additional 19,820 shares during the quarter. Janney Montgomery Scott LLC owned about 0.12% of Axcelis Technologies worth $2,713,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACLS. Wealth Enhancement Advisory Services LLC bought a new position in shares of Axcelis Technologies during the 4th quarter worth about $298,000. GAMMA Investing LLC grew its stake in Axcelis Technologies by 9,286.1% in the 1st quarter. GAMMA Investing LLC now owns 78,280 shares of the semiconductor company's stock valued at $3,888,000 after buying an additional 77,446 shares in the last quarter. Rhumbline Advisers grew its stake in Axcelis Technologies by 6.4% in the 1st quarter. Rhumbline Advisers now owns 96,647 shares of the semiconductor company's stock valued at $4,800,000 after buying an additional 5,805 shares in the last quarter. SG Americas Securities LLC grew its stake in Axcelis Technologies by 10.1% in the 1st quarter. SG Americas Securities LLC now owns 8,404 shares of the semiconductor company's stock valued at $417,000 after buying an additional 774 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Axcelis Technologies by 160.5% during the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 358 shares in the last quarter. Institutional investors own 89.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ACLS shares. Benchmark raised shares of Axcelis Technologies from a "hold" rating to a "buy" rating and set a $105.00 price objective for the company in a report on Thursday, October 2nd. B. Riley upped their price objective on shares of Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Weiss Ratings restated a "hold (c)" rating on shares of Axcelis Technologies in a research note on Wednesday. Zacks Research downgraded shares of Axcelis Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday. Finally, DA Davidson raised their target price on shares of Axcelis Technologies from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $98.75.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS opened at $84.61 on Friday. The firm's fifty day moving average is $84.93 and its two-hundred day moving average is $68.88. Axcelis Technologies, Inc. has a 52-week low of $40.40 and a 52-week high of $107.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.26 and a current ratio of 6.01. The company has a market cap of $2.66 billion, a P/E ratio of 17.30 and a beta of 1.75.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share for the quarter. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. The firm had revenue of $252.42 million for the quarter. As a group, analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

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.

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