Axcelis Technologies Sees Unusually Large Options Volume (ACLS)

Axcelis Technologies Inc (NASDAQ:ACLS) was the target of some unusual options trading activity on Thursday. Stock investors bought 2,155 call options on the company. This is an increase of approximately 1,972% compared to the average volume of 104 call options.

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,800 shares of the company’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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John E. Aldeborgh sold 87,500 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $33.22, for a total transaction of $2,906,750.00. The disclosure for this sale can be found here. Insiders have sold 190,190 shares of company stock worth $6,334,389 in the last ninety days. Insiders own 5.66% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of Axcelis Technologies by 391.3% during the 2nd quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 3,913 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Axcelis Technologies by 143.7% during the 3rd quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 2,350 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Axcelis Technologies during the 4th quarter worth about $178,000. Jane Street Group LLC bought a new position in shares of Axcelis Technologies during the 3rd quarter worth about $201,000. Finally, J.P. Marvel Investment Advisors LLC bought a new position in shares of Axcelis Technologies during the 2nd quarter worth about $220,000. 77.95% of the stock is currently owned by institutional investors.

Axcelis Technologies (ACLS) opened at $26.00 on Friday. The stock has a market cap of $834.28, a PE ratio of 21.85, a PEG ratio of 0.70 and a beta of 1.10. Axcelis Technologies has a 1 year low of $14.60 and a 1 year high of $37.05.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.10. Axcelis Technologies had a net margin of 10.80% and a return on equity of 16.37%. equities analysts anticipate that Axcelis Technologies will post 1.44 earnings per share for the current year.

A number of analysts have commented on the stock. BidaskClub cut shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a research report on Saturday. Benchmark reaffirmed a “buy” rating and set a $33.00 price target (down previously from $36.00) on shares of Axcelis Technologies in a research report on Thursday. Zacks Investment Research cut shares of Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, B. Riley reaffirmed a “buy” rating and set a $39.00 price target on shares of Axcelis Technologies in a research report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $32.17.

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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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