Axcelis Technologies, Inc. (NASDAQ:ACLS) Short Interest Down 13.5% in January

anlene
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Axcelis Technologies logoAxcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 1,150,000 shares, a decrease of 13.5% from the December 31st total of 1,330,000 shares. Based on an average trading volume of 400,200 shares, the days-to-cover ratio is currently 2.9 days. Approximately 3.6% of the company’s stock are sold short.

Insiders Place Their Bets

In other Axcelis Technologies news, CEO Mary G. Puma sold 4,202 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $80.31, for a total transaction of $337,462.62. Following the completion of the transaction, the chief executive officer now owns 393,511 shares of the company’s stock, valued at approximately $31,602,868.41. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Axcelis Technologies news, VP Lynnette C. Fallon sold 3,563 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $79.00, for a total transaction of $281,477.00. Following the completion of the transaction, the vice president now owns 47,770 shares of the company’s stock, valued at approximately $3,773,830. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mary G. Puma sold 4,202 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $80.31, for a total value of $337,462.62. Following the transaction, the chief executive officer now directly owns 393,511 shares of the company’s stock, valued at approximately $31,602,868.41. The disclosure for this sale can be found here. Insiders sold a total of 33,510 shares of company stock valued at $2,610,973 in the last quarter. 2.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ACLS. Public Employees Retirement System of Ohio grew its holdings in shares of Axcelis Technologies by 42.8% during the 3rd quarter. The Public Employees Retirement System of Ohio now owns 527 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 158 shares in the last quarter. Ronald Blue Trust Inc. grew its holdings in shares of Axcelis Technologies by 892.6% during the 4th quarter. Ronald Blue Trust Inc. now owns 536 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 482 shares in the last quarter. CWM LLC grew its holdings in shares of Axcelis Technologies by 36.6% during the 2nd quarter. CWM LLC now owns 702 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 188 shares in the last quarter. Beacon Capital Management LLC acquired a new stake in shares of Axcelis Technologies during the 4th quarter worth $56,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Axcelis Technologies during the 2nd quarter worth $46,000. Institutional investors own 86.47% of the company’s stock.

Analyst Upgrades and Downgrades

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Several equity research analysts have recently commented on the company. B. Riley increased their price objective on Axcelis Technologies from $95.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, January 12th. Craig Hallum increased their price objective on Axcelis Technologies from $94.00 to $113.00 in a report on Wednesday, January 11th. StockNews.com downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th. Needham & Company LLC increased their price target on Axcelis Technologies from $77.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, January 5th. Finally, DA Davidson increased their price target on Axcelis Technologies from $88.00 to $105.00 in a research note on Wednesday, January 11th.

Axcelis Technologies Stock Down 2.9 %

ACLS stock opened at $110.44 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.64. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 23.01 and a beta of 1.62. The business’s fifty day moving average price is $86.84 and its two-hundred day moving average price is $72.61. Axcelis Technologies has a fifty-two week low of $46.41 and a fifty-two week high of $113.81.

Axcelis Technologies (NASDAQ:ACLS – Get Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The semiconductor company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.08. The firm had revenue of $229.20 million for the quarter, compared to analysts’ expectations of $224.38 million. Axcelis Technologies has a return on equity of 28.15% and a net margin of 18.83%. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 EPS. On average, equity analysts anticipate that Axcelis Technologies will post 5.2 earnings per share for the current year.

About Axcelis Technologies

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Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia. The company offers high energy, high current, and medium current implanters for various application requirements.

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