Axcelis Technologies Inc (ACLS) Director Sells $23,492.00 in Stock

Axcelis Technologies Inc (NASDAQ:ACLS) Director John T. Kurtzweil sold 1,400 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $16.78, for a total transaction of $23,492.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of NASDAQ:ACLS traded down $0.51 on Monday, reaching $15.99. The company’s stock had a trading volume of 624 shares, compared to its average volume of 261,767. Axcelis Technologies Inc has a 52-week low of $15.46 and a 52-week high of $25.17. The stock has a market capitalization of $543.54 million, a P/E ratio of 12.27 and a beta of 1.18. The company has a quick ratio of 3.73, a current ratio of 5.76 and a debt-to-equity ratio of 0.12.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. Axcelis Technologies had a net margin of 9.23% and a return on equity of 9.11%. The business had revenue of $91.48 million during the quarter, compared to analysts’ expectations of $93.05 million. During the same period last year, the company posted $0.41 EPS. The business’s revenue was down 25.1% on a year-over-year basis. On average, analysts expect that Axcelis Technologies Inc will post 0.52 earnings per share for the current year.



Several large investors have recently modified their holdings of ACLS. AlphaOne Investment Services LLC purchased a new position in shares of Axcelis Technologies in the 4th quarter worth $33,000. Acadian Asset Management LLC purchased a new position in shares of Axcelis Technologies during the 1st quarter worth about $124,000. BNP Paribas Arbitrage SA boosted its stake in shares of Axcelis Technologies by 448.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,792 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 5,554 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Axcelis Technologies by 362.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,363 shares of the semiconductor company’s stock worth $184,000 after purchasing an additional 8,121 shares during the period. Finally, Oregon Public Employees Retirement Fund purchased a new position in shares of Axcelis Technologies during the 4th quarter worth about $219,000. 83.19% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on ACLS shares. Benchmark reiterated a “buy” rating and issued a $26.00 price target on shares of Axcelis Technologies in a report on Thursday, May 9th. Northland Securities downgraded shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. ValuEngine upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. BidaskClub upgraded shares of Axcelis Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, Craig Hallum downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.25.

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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 worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides curing systems and thermal processing systems.

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