Insider Selling: Axcelis Technologies Inc (ACLS) CFO Sells 93,750 Shares of Stock
Axcelis Technologies Inc (NASDAQ:ACLS) CFO Kevin J. Brewer sold 93,750 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $21.94, for a total value of $2,056,875.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Axcelis Technologies Inc (NASDAQ:ACLS) traded up 1.59% on Friday, reaching $22.35. The company’s stock had a trading volume of 459,404 shares. Axcelis Technologies Inc has a 52-week low of $9.68 and a 52-week high of $22.85. The stock has a market cap of $672.62 million, a P/E ratio of 37.56 and a beta of 1.32. The firm’s 50 day moving average is $19.88 and its 200-day moving average is $16.27.
Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Thursday, May 4th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.08. Axcelis Technologies had a return on equity of 5.65% and a net margin of 4.12%. The business had revenue of $86.90 million during the quarter, compared to the consensus estimate of $80.15 million. During the same period last year, the business posted $0.02 earnings per share. The business’s revenue for the quarter was up 28.7% on a year-over-year basis. On average, equities research analysts forecast that Axcelis Technologies Inc will post $1.13 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in ACLS. FNY Partners Fund LP purchased a new stake in Axcelis Technologies during the first quarter worth about $107,000. Symmetry Peak Management LLC purchased a new stake in Axcelis Technologies during the third quarter worth about $232,000. Metropolitan Life Insurance Co. NY increased its stake in Axcelis Technologies by 11.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 20,593 shares of the semiconductor company’s stock worth $300,000 after buying an additional 2,060 shares in the last quarter. American International Group Inc. increased its stake in Axcelis Technologies by 7.1% in the first quarter. American International Group Inc. now owns 17,943 shares of the semiconductor company’s stock worth $337,000 after buying an additional 1,184 shares in the last quarter. Finally, PEAK6 Investments L.P. increased its stake in Axcelis Technologies by 160.8% in the first quarter. PEAK6 Investments L.P. now owns 18,799 shares of the semiconductor company’s stock worth $353,000 after buying an additional 11,591 shares in the last quarter. 71.74% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have commented on ACLS shares. Zacks Investment Research raised Axcelis Technologies from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a report on Wednesday, May 3rd. Benchmark Co. reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Axcelis Technologies in a report on Monday, April 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 price objective (up from $20.00) on shares of Axcelis Technologies in a report on Friday, May 5th. B. Riley reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Axcelis Technologies in a report on Tuesday, February 7th. Finally, Stifel Nicolaus decreased their price objective on Axcelis Technologies from $19.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, May 5th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $23.00.
Axcelis Technologies Company Profile
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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