Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,500,000 shares, a decline of 5.7% from the April 30th total of 1,590,000 shares. Based on an average daily trading volume, of 573,900 shares, the days-to-cover ratio is currently 2.6 days. Currently, 4.7% of the company’s stock are sold short.
Axcelis Technologies Stock Performance
ACLS opened at $160.96 on Tuesday. The stock has a market cap of $5.27 billion, a PE ratio of 28.39 and a beta of 1.71. The company has a current ratio of 3.49, a quick ratio of 2.51 and a debt-to-equity ratio of 0.06. Axcelis Technologies has a 1 year low of $46.41 and a 1 year high of $162.53. The stock’s 50-day simple moving average is $129.57 and its 200-day simple moving average is $110.90.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The semiconductor company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.18. The business had revenue of $254.02 million for the quarter, compared to analysts’ expectations of $239.89 million. Axcelis Technologies has a return on equity of 29.43% and a net margin of 19.49%. Axcelis Technologies’ quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.22 earnings per share. Sell-side analysts forecast that Axcelis Technologies will post 6.44 EPS for the current year.
Insider Activity
In other news, EVP Douglas A. Lawson sold 5,734 shares of Axcelis Technologies stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $122.00, for a total transaction of $699,548.00. Following the completion of the sale, the executive vice president now directly owns 35,205 shares in the company, valued at approximately $4,295,010. The sale was disclosed in a filing with the SEC, which can be accessed via this link. In related news, EVP Douglas A. Lawson sold 5,734 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $122.00, for a total value of $699,548.00. Following the completion of the sale, the executive vice president now directly owns 35,205 shares in the company, valued at approximately $4,295,010. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Greg Redinbo sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $135.00, for a total value of $135,000.00. Following the completion of the sale, the executive vice president now owns 18,537 shares of the company’s stock, valued at $2,502,495. The disclosure for this sale can be found here. Insiders sold a total of 85,596 shares of company stock worth $10,982,547 in the last three months. 1.43% of the stock is owned by insiders.
Institutional Trading of Axcelis Technologies
Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp boosted its stake in Axcelis Technologies by 83.7% in the 1st quarter. Fifth Third Bancorp now owns 191 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 87 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in Axcelis Technologies in the 1st quarter valued at $31,000. Meeder Asset Management Inc. acquired a new stake in Axcelis Technologies in the 1st quarter valued at $35,000. Belpointe Asset Management LLC acquired a new stake in Axcelis Technologies in the 4th quarter valued at $25,000. Finally, Money Concepts Capital Corp acquired a new stake in Axcelis Technologies in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 86.47% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on ACLS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 price target on shares of Axcelis Technologies in a research report on Tuesday, March 28th. StockNews.com started coverage on Axcelis Technologies in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. B. Riley lifted their price target on Axcelis Technologies from $115.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. Craig Hallum lifted their price target on Axcelis Technologies from $113.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. Finally, DA Davidson reaffirmed a “buy” rating on shares of Axcelis Technologies in a research report on Wednesday, March 1st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Axcelis Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $145.33.
About Axcelis Technologies
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Axcelis Technologies, Inc is engaged in the manufacture of capital equipment for the semiconductor chip manufacturing industry. It ion implantation systems product line includes high and medium current, and energy implanters. It also offers post-sales equipment service and support, such as spare parts, equipment upgrades, used equipment, maintenance services, and customer training.
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