Axcelis Technologies, Inc. (NASDAQ:ACLS) Short Interest Update

Axcelis Technologies, Inc. (NASDAQ:ACLSGet Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,790,000 shares, a decrease of 14.8% from the September 30th total of 2,100,000 shares. Based on an average trading volume of 640,800 shares, the short-interest ratio is presently 2.8 days. Approximately 5.6% of the company’s shares are sold short.

Insider Activity

In other news, Director Jorge Titinger sold 6,086 shares of Axcelis Technologies stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total value of $669,338.28. Following the sale, the director now directly owns 5,891 shares in the company, valued at approximately $647,892.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.43% of the company’s stock.

Institutional Investors Weigh In On Axcelis Technologies

Several large investors have recently bought and sold shares of ACLS. Signaturefd LLC raised its holdings in shares of Axcelis Technologies by 348.9% during the second quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 164 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Axcelis Technologies by 223.8% in the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock worth $39,000 after buying an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Axcelis Technologies in the second quarter worth $39,000. Isthmus Partners LLC increased its position in Axcelis Technologies by 87.3% during the second quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 15,507 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Axcelis Technologies in the second quarter valued at about $69,000. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Stock Up 0.3 %

Shares of Axcelis Technologies stock opened at $90.12 on Tuesday. The company has a 50-day simple moving average of $101.76 and a two-hundred day simple moving average of $114.30. The stock has a market capitalization of $2.93 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 3.02 and a beta of 1.58. Axcelis Technologies has a 52-week low of $88.31 and a 52-week high of $158.61. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.26 and a current ratio of 4.42.

Axcelis Technologies (NASDAQ:ACLSGet Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.18. The company had revenue of $256.51 million during the quarter, compared to analyst estimates of $250.06 million. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 EPS. On average, analysts anticipate that Axcelis Technologies will post 6.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. B. Riley dropped their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. DA Davidson increased their price target on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Craig Hallum boosted their price objective on shares of Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Bank of America raised their target price on shares of Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.33.

Get Our Latest Analysis on Axcelis Technologies

Axcelis Technologies Company Profile

(Get Free Report)

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 Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.

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