Axcelis Technologies Inc (NASDAQ:ACLS) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 2,219,455 shares, a growth of 33.0% from the November 15th total of 1,668,494 shares. Based on an average daily volume of 667,262 shares, the short-interest ratio is currently 3.3 days. Currently, 7.2% of the shares of the stock are short sold.

Axcelis Technologies (NASDAQ ACLS) opened at $28.60 on Friday. Axcelis Technologies has a 1 year low of $13.60 and a 1 year high of $37.05. The stock has a market cap of $900.81, a price-to-earnings ratio of 25.49, a P/E/G ratio of 1.00 and a beta of 1.07.

Several brokerages recently issued reports on ACLS. BidaskClub lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. B. Riley reiterated a “buy” rating and issued a $39.00 target price on shares of Axcelis Technologies in a research report on Tuesday, December 5th. ValuEngine lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Stifel Nicolaus upped their target price on shares of Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Axcelis Technologies currently has a consensus rating of “Buy” and a consensus price target of $31.33.

In other news, CFO Kevin J. Brewer sold 44,640 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $33.93, for a total transaction of $1,514,635.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Kurtzweil sold 1,800 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $34.03, for a total transaction of $61,254.00. The disclosure for this sale can be found here. Insiders have sold a total of 190,190 shares of company stock valued at $6,334,389 over the last 90 days. Company insiders own 5.66% of the company’s stock.

A number of large investors have recently made changes to their positions in ACLS. The Manufacturers Life Insurance Company boosted its position in Axcelis Technologies by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 24,397 shares of the semiconductor company’s stock valued at $510,000 after buying an additional 660 shares during the period. TIAA CREF Investment Management LLC boosted its position in Axcelis Technologies by 1.5% during the second quarter. TIAA CREF Investment Management LLC now owns 79,807 shares of the semiconductor company’s stock valued at $1,672,000 after buying an additional 1,147 shares during the period. New York State Common Retirement Fund boosted its position in Axcelis Technologies by 4.7% during the second quarter. New York State Common Retirement Fund now owns 30,975 shares of the semiconductor company’s stock valued at $649,000 after buying an additional 1,399 shares during the period. Wells Fargo & Company MN boosted its position in Axcelis Technologies by 5.2% during the second quarter. Wells Fargo & Company MN now owns 28,572 shares of the semiconductor company’s stock valued at $599,000 after buying an additional 1,416 shares during the period. Finally, American International Group Inc. boosted its position in Axcelis Technologies by 8.1% during the third quarter. American International Group Inc. now owns 20,140 shares of the semiconductor company’s stock valued at $551,000 after buying an additional 1,506 shares during the period. Institutional investors own 78.14% of the company’s stock.

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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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