Kevin J. Brewer Sells 38,673 Shares of Axcelis Technologies Inc (NASDAQ:ACLS) Stock

Axcelis Technologies Inc (NASDAQ:ACLS) CFO Kevin J. Brewer sold 38,673 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $29.04, for a total value of $1,123,063.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Axcelis Technologies stock opened at $28.32 on Friday. The firm has a 50-day simple moving average of $25.15 and a two-hundred day simple moving average of $20.48. The company has a market cap of $918.16 million, a P/E ratio of 55.53 and a beta of 1.38. Axcelis Technologies Inc has a fifty-two week low of $13.99 and a fifty-two week high of $29.24. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.43 and a current ratio of 5.47.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Wednesday, February 5th. The semiconductor company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.13. Axcelis Technologies had a return on equity of 4.13% and a net margin of 4.97%. The firm had revenue of $107.70 million for the quarter, compared to analysts’ expectations of $95.77 million. During the same period last year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts forecast that Axcelis Technologies Inc will post 1.04 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ellington Management Group LLC purchased a new stake in Axcelis Technologies in the fourth quarter valued at approximately $226,000. UBS Asset Management Americas Inc. lifted its stake in Axcelis Technologies by 8.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 37,190 shares of the semiconductor company’s stock worth $896,000 after purchasing an additional 2,936 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Axcelis Technologies by 456.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 392,848 shares of the semiconductor company’s stock worth $9,466,000 after purchasing an additional 322,225 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of Axcelis Technologies by 6.6% during the fourth quarter. Guggenheim Capital LLC now owns 28,696 shares of the semiconductor company’s stock worth $691,000 after buying an additional 1,783 shares during the period. Finally, UBS Group AG boosted its position in shares of Axcelis Technologies by 7.3% during the fourth quarter. UBS Group AG now owns 259,882 shares of the semiconductor company’s stock worth $6,262,000 after buying an additional 17,751 shares during the period. 80.97% of the stock is owned by institutional investors.

A number of analysts have recently commented on ACLS shares. Zacks Investment Research downgraded Axcelis Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. Benchmark lifted their price target on Axcelis Technologies from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, February 7th. DA Davidson began coverage on Axcelis Technologies in a report on Thursday, December 5th. They issued a “buy” rating and a $30.00 price target for the company. B. Riley restated a “buy” rating and issued a $35.00 price objective (up previously from $27.00) on shares of Axcelis Technologies in a research report on Monday, February 3rd. Finally, ValuEngine cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $27.83.

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.

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