Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,130,000 shares, a growth of 17.4% from the November 30th total of 962,200 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average daily volume of 394,800 shares, the days-to-cover ratio is currently 2.9 days.
Insider Transactions at Axcelis Technologies
In other Axcelis Technologies news, EVP Russell Low sold 7,700 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $73.64, for a total transaction of $567,028.00. Following the completion of the sale, the executive vice president now owns 69,293 shares in the company, valued at approximately $5,102,736.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Russell Low sold 7,700 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $73.64, for a total value of $567,028.00. Following the transaction, the executive vice president now owns 69,293 shares of the company’s stock, valued at approximately $5,102,736.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kevin J. Brewer sold 6,500 shares of Axcelis Technologies stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $79.26, for a total value of $515,190.00. Following the transaction, the chief financial officer now owns 48,286 shares of the company’s stock, valued at approximately $3,827,148.36. The disclosure for this sale can be found here. Insiders have sold 33,510 shares of company stock valued at $2,610,973 over the last ninety days. 2.15% of the stock is owned by company insiders.
Institutional Trading of Axcelis Technologies
Hedge funds have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC grew its position in shares of Axcelis Technologies by 146.4% during the 3rd quarter. Perigon Wealth Management LLC now owns 8,973 shares of the semiconductor company’s stock valued at $543,000 after acquiring an additional 5,331 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in Axcelis Technologies by 137.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 26,420 shares of the semiconductor company’s stock valued at $1,600,000 after purchasing an additional 15,291 shares during the last quarter. Eagle Bay Advisors LLC grew its holdings in Axcelis Technologies by 3.5% during the third quarter. Eagle Bay Advisors LLC now owns 8,653 shares of the semiconductor company’s stock valued at $524,000 after purchasing an additional 296 shares during the period. Teachers Retirement System of The State of Kentucky bought a new position in Axcelis Technologies during the third quarter valued at $2,372,000. Finally, Alpha DNA Investment Management LLC purchased a new stake in Axcelis Technologies in the third quarter worth $516,000. Institutional investors own 86.47% of the company’s stock.
Axcelis Technologies Stock Performance
Shares of Axcelis Technologies stock opened at $79.36 on Friday. The business’s fifty day simple moving average is $74.66 and its 200 day simple moving average is $66.42. The company has a current ratio of 3.73, a quick ratio of 2.64 and a debt-to-equity ratio of 0.07. Axcelis Technologies has a 12 month low of $46.41 and a 12 month high of $88.73. The firm has a market capitalization of $2.61 billion, a P/E ratio of 16.53 and a beta of 1.65.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last announced its earnings results on Wednesday, November 2nd. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.08. The firm had revenue of $229.20 million during the quarter, compared to analyst estimates of $224.38 million. Axcelis Technologies had a return on equity of 28.15% and a net margin of 18.83%. The business’s revenue was up 29.7% compared to the same quarter last year. During the same period last year, the firm posted $0.81 EPS. As a group, analysts anticipate that Axcelis Technologies will post 4.8 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have weighed in on ACLS shares. StockNews.com cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. Needham & Company LLC raised their price target on shares of Axcelis Technologies from $70.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, November 4th.
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. The company offers high energy, high current, and medium current implanters for various application requirements.
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