Connor Clark & Lunn Investment Management Ltd. Sells 55,441 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Connor Clark & Lunn Investment Management Ltd. trimmed its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 43.5% during the third quarter, HoldingsChannel.com reports. The fund owned 72,021 shares of the semiconductor company’s stock after selling 55,441 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Axcelis Technologies were worth $7,551,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ACLS. State Board of Administration of Florida Retirement System increased its stake in shares of Axcelis Technologies by 15.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,740 shares of the semiconductor company’s stock valued at $1,198,000 after purchasing an additional 1,430 shares during the last quarter. Vanguard Group Inc. grew its position in Axcelis Technologies by 6.5% in the first 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 during the last quarter. UniSuper Management Pty Ltd acquired a new position in Axcelis Technologies during the first quarter worth about $719,000. Advisors Asset Management Inc. lifted its holdings in shares of Axcelis Technologies by 17.5% in the first quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 100 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Axcelis Technologies by 20.0% in the 1st quarter. Gabelli Funds LLC now owns 2,400 shares of the semiconductor company’s stock valued at $268,000 after purchasing an additional 400 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Benchmark cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Finally, B. Riley cut their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Axcelis Technologies has a consensus rating of “Moderate Buy” and an average target price of $167.33.

Axcelis Technologies Price Performance

Shares of NASDAQ:ACLS opened at $75.07 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45. Axcelis Technologies, Inc. has a 52 week low of $69.35 and a 52 week high of $158.61. The firm has a market cap of $2.44 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 2.19 and a beta of 1.60. The firm’s fifty day moving average is $92.56 and its 200-day moving average is $111.47.

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.