Wellington Management Group LLP Sells 53,386 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Wellington Management Group LLP lowered its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 20.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 203,513 shares of the semiconductor company’s stock after selling 53,386 shares during the period. Wellington Management Group LLP’s holdings in Axcelis Technologies were worth $21,338,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Boston Trust Walden Corp bought a new stake in shares of Axcelis Technologies during the 3rd quarter worth approximately $53,099,000. Reinhart Partners LLC. lifted its holdings in shares of Axcelis Technologies by 64.1% during the 3rd quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company’s stock worth $72,096,000 after acquiring an additional 268,560 shares during the period. Granite Investment Partners LLC bought a new stake in shares of Axcelis Technologies during the 2nd quarter worth approximately $27,801,000. Royce & Associates LP lifted its holdings in shares of Axcelis Technologies by 157.1% during the 3rd quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company’s stock worth $28,694,000 after acquiring an additional 167,235 shares during the period. Finally, Weiss Asset Management LP bought a new stake in shares of Axcelis Technologies during the 3rd quarter worth approximately $13,874,000. Institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

ACLS has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Benchmark downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Axcelis Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $167.33.

Axcelis Technologies Price Performance

ACLS stock opened at $75.29 on Friday. The company has a 50 day simple moving average of $84.50 and a 200 day simple moving average of $107.60. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 2.36 and a beta of 1.53. Axcelis Technologies, Inc. has a 1 year low of $69.35 and a 1 year high of $158.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29.

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.