Insider Selling: Axcelis Technologies, Inc. (NASDAQ:ACLS) Director Sells 3,497 Shares of Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) Director John T. Kurtzweil sold 3,497 shares of the business’s stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $64.58, for a total transaction of $225,836.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of ACLS traded up $0.98 during mid-day trading on Monday, reaching $63.54. 21,827 shares of the company’s stock traded hands, compared to its average volume of 319,623. The business’s 50-day moving average price is $52.48 and its 200-day moving average price is $45.19. The stock has a market capitalization of $2.12 billion, a P/E ratio of 27.56 and a beta of 1.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.72 and a current ratio of 4.16. Axcelis Technologies, Inc. has a 12 month low of $26.00 and a 12 month high of $65.16.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Wednesday, November 3rd. The semiconductor company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.11. The company had revenue of $176.69 million for the quarter, compared to analysts’ expectations of $170.20 million. Axcelis Technologies had a return on equity of 14.95% and a net margin of 13.40%. During the same quarter in the previous year, the company posted $0.32 earnings per share. Equities research analysts anticipate that Axcelis Technologies, Inc. will post 2.67 EPS for the current year.

A number of large investors have recently made changes to their positions in ACLS. Ameriprise Financial Inc. raised its holdings in Axcelis Technologies by 5.0% during the first quarter. Ameriprise Financial Inc. now owns 150,642 shares of the semiconductor company’s stock worth $6,190,000 after purchasing an additional 7,227 shares in the last quarter. Captrust Financial Advisors raised its holdings in Axcelis Technologies by 153.8% during the first quarter. Captrust Financial Advisors now owns 1,721 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 1,043 shares in the last quarter. IHT Wealth Management LLC bought a new stake in Axcelis Technologies during the first quarter worth approximately $271,000. Cubist Systematic Strategies LLC raised its holdings in Axcelis Technologies by 36.9% during the first quarter. Cubist Systematic Strategies LLC now owns 56,861 shares of the semiconductor company’s stock worth $2,336,000 after purchasing an additional 15,338 shares in the last quarter. Finally, Tudor Investment Corp Et Al raised its holdings in Axcelis Technologies by 116.5% during the first quarter. Tudor Investment Corp Et Al now owns 35,085 shares of the semiconductor company’s stock worth $1,442,000 after purchasing an additional 18,883 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on ACLS shares. Stifel Nicolaus boosted their target price on shares of Axcelis Technologies from $52.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, November 4th. Needham & Company LLC boosted their target price on shares of Axcelis Technologies from $50.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 5th. B. Riley upped their price target on shares of Axcelis Technologies from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, November 5th. Finally, Zacks Investment Research upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Monday, November 8th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $60.00.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc engages in the manufacture of capital equipment for the semiconductor chip manufacturing industry. It ion implantation systems product line includes high current, medium current, and high energy implanters. It also offers post-sales equipment service and support, such as spare parts, equipment upgrades, used equipment, maintenance services, and customer training.

See Also: Special Purpose Acquisition Company (SPAC)

Insider Buying and Selling by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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