Stock Traders Buy Large Volume of Put Options on Axcelis Technologies (ACLS)

Axcelis Technologies Inc (NASDAQ:ACLS) saw unusually large options trading on Thursday. Stock investors purchased 870 put options on the company. This represents an increase of approximately 1,573% compared to the typical volume of 52 put options.

ACLS has been the subject of a number of research analyst reports. Benchmark restated a “buy” rating and set a $33.00 price objective (down previously from $36.00) on shares of Axcelis Technologies in a report on Thursday. B. Riley boosted their price target on Axcelis Technologies from $30.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Thursday, November 2nd. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, BidaskClub cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $32.17.

In other news, Director John T. Kurtzweil sold 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was 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 Securities & Exchange Commission, which is available at this link. Also, VP Lynnette C. Fallon sold 56,250 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $32.92, for a total value of $1,851,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,190 shares of company stock valued at $6,334,389. Corporate insiders own 5.66% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Advisor Group Inc. boosted its stake in shares of Axcelis Technologies by 143.7% in the third quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 2,350 shares during the period. Royal Bank of Canada raised its position in Axcelis Technologies by 391.3% during the second quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 3,913 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Axcelis Technologies during the fourth quarter valued at approximately $178,000. Jane Street Group LLC acquired a new position in Axcelis Technologies during the third quarter valued at approximately $201,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in Axcelis Technologies during the third quarter valued at approximately $230,000. Institutional investors and hedge funds own 77.95% of the company’s stock.

Shares of Axcelis Technologies (ACLS) opened at $26.00 on Friday. The stock has a market capitalization of $834.28, a P/E ratio of 21.85, a P/E/G ratio of 0.70 and a beta of 1.10. Axcelis Technologies has a 12 month low of $14.60 and a 12 month high of $37.05.

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

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About Axcelis Technologies

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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