Insider Selling: Axcelis Technologies Inc (ACLS) Director Sells 1,400 Shares of Stock

Axcelis Technologies Inc (NASDAQ:ACLS) Director John T. Kurtzweil sold 1,400 shares of Axcelis Technologies stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $16.78, for a total value of $23,492.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Axcelis Technologies stock traded down $0.45 during trading on Friday, reaching $16.50. The company’s stock had a trading volume of 225,611 shares, compared to its average volume of 222,695. 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 Inc has a one year low of $15.46 and a one year high of $25.17. The stock has a market capitalization of $564.96 million, a price-to-earnings ratio of 12.60 and a beta of 1.18.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. Axcelis Technologies had a return on equity of 9.11% and a net margin of 9.23%. The business had revenue of $91.48 million during the quarter, compared to analysts’ expectations of $93.05 million. During the same period in the previous year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was down 25.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Axcelis Technologies Inc will post 0.52 EPS for the current year.

A number of research analysts recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $26.00 price target on shares of Axcelis Technologies in a report on Thursday, May 9th. Northland Securities cut Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. BidaskClub raised Axcelis Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. Finally, Zacks Investment Research cut Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Axcelis Technologies presently has an average rating of “Hold” and a consensus price target of $27.25.

Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc increased its position in Axcelis Technologies by 8.5% in the third quarter. Legal & General Group Plc now owns 68,984 shares of the semiconductor company’s stock worth $1,353,000 after purchasing an additional 5,418 shares during the period. Tenzing Global Management LLC increased its position in Axcelis Technologies by 12.5% in the fourth quarter. Tenzing Global Management LLC now owns 450,000 shares of the semiconductor company’s stock worth $8,010,000 after purchasing an additional 50,000 shares during the period. LSV Asset Management increased its position in Axcelis Technologies by 278.7% in the fourth quarter. LSV Asset Management now owns 832,300 shares of the semiconductor company’s stock worth $14,814,000 after purchasing an additional 612,500 shares during the period. Vanguard Group Inc increased its position in Axcelis Technologies by 0.5% in the third quarter. Vanguard Group Inc now owns 1,957,527 shares of the semiconductor company’s stock worth $38,465,000 after purchasing an additional 10,175 shares during the period. Finally, Renaissance Technologies LLC increased its position in Axcelis Technologies by 7.0% in the third quarter. Renaissance Technologies LLC now owns 229,699 shares of the semiconductor company’s stock worth $4,514,000 after purchasing an additional 15,100 shares during the period. Hedge funds and other institutional investors own 83.19% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Axcelis Technologies Inc (ACLS) Director Sells 1,400 Shares of Stock” was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.baseballdailydigest.com/news/2019/05/17/insider-selling-axcelis-technologies-inc-acls-director-sells-1400-shares-of-stock.html.

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.

See Also: Understanding Relative Strength Index

Receive News & Ratings for Axcelis Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axcelis Technologies and related companies with MarketBeat.com's FREE daily email newsletter.