Axcelis Technologies, Inc. (NASDAQ:ACLS) Sees Large Increase in Short Interest

anlene
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Axcelis Technologies logoAxcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totaling 1,900,000 shares, a growth of 27.5% from the February 13th total of 1,490,000 shares. Based on an average daily volume of 547,200 shares, the short-interest ratio is presently 3.5 days. Approximately 6.0% of the company’s shares were short sold.

Analyst Upgrades and Downgrades

ACLS has been the subject of several recent analyst reports. Loop Capital assumed coverage on Axcelis Technologies in a research report on Monday, February 27th. They set a “buy” rating and a $150.00 target price for the company. The benchmark reissued a “buy” rating and issued a $142.00 target price on shares of Axcelis Technologies in a research report on Tuesday, March 7th. DA Davidson reissued a “buy” rating on shares of Axcelis Technologies in a research note on Wednesday, March 1st. StockNews.com downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th. Finally, B. Riley increased their price objective on shares of Axcelis Technologies from $115.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Axcelis Technologies currently has an average rating of “Moderate Buy” and an average target price of $145.33.

Axcelis Technologies Trading Down 4.5 %

NASDAQ ACLS opened at $123.69 on Friday. Axcelis Technologies has a 12 month low of $46.41 and a 12 month high of $135.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.54 and a quick ratio of 2.56. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 22.65 and a beta of 1.72. The company’s fifty day moving average price is $112.87 and its two-hundred day moving average price is $84.16.

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Axcelis Technologies (NASDAQ:ACLS – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The semiconductor company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.25. The business had revenue of $266.05 million for the quarter, compared to analysts’ expectations of $251.80 million. Axcelis Technologies has a net margin of 19.90% and a return on equity of 30.16%. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. As a group, research analysts predict that Axcelis Technologies will post 5.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, Director Tzu Yin Chiu sold 1,700 shares of the stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $127.12, for a total transaction of $216,104.00. Following the sale, the director now directly owns 28,873 shares in the company, valued at approximately $3,670,335.76. The sale was disclosed in a document filed with the SEC, which is accessible via the SEC website. 2.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Driehaus Capital Management LLC boosted its holdings in shares of Axcelis Technologies by 65.9% during the fourth quarter. Driehaus Capital Management LLC now owns 1,133,457 shares of the semiconductor company’s stock worth $89,951,000 after purchasing an additional 450,382 shares during the period. Victory Capital Management Inc. increased its position in Axcelis Technologies by 1,590.4% during the third quarter. Victory Capital Management Inc. now owns 343,666 shares of the semiconductor company’s stock worth $20,813,000 after acquiring an additional 323,335 shares during the period. Sevest Management LLC increased its position in Axcelis Technologies by 18.3% during the fourth quarter. Sevest Management LLC now owns 1,786,434 shares of the semiconductor company’s stock worth $141,771,000 after acquiring an additional 275,974 shares during the period. Neumeier Poma Investment Counsel LLC bought a new position in Axcelis Technologies during the fourth quarter worth $20,964,000. Finally, Vanguard Group Inc. boosted its stake in Axcelis Technologies by 6.5% during the third quarter. Vanguard Group Inc. now owns 2,957,174 shares of the semiconductor company’s stock worth $179,085,000 after buying an additional 180,011 shares in the last quarter. 86.47% of the stock is currently owned by institutional investors and hedge funds.

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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