Insider Selling: Axcelis Technologies, Inc. (ACLS) CFO Sells $1,400,336.08 in Stock
Axcelis Technologies, Inc. (NASDAQ:ACLS) CFO Kevin J. Brewer sold 62,348 shares of Axcelis Technologies stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $22.46, for a total value of $1,400,336.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Kevin J. Brewer also recently made the following trade(s):
- On Tuesday, August 22nd, Kevin J. Brewer sold 17,339 shares of Axcelis Technologies stock. The shares were sold at an average price of $20.75, for a total value of $359,784.25.
Axcelis Technologies, Inc. (ACLS) opened at 23.35 on Friday. The stock has a 50 day moving average price of $21.09 and a 200 day moving average price of $20.39. The stock has a market cap of $729.06 million, a PE ratio of 25.05 and a beta of 1.08. Axcelis Technologies, Inc. has a 52 week low of $11.05 and a 52 week high of $26.53.
Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). Axcelis Technologies had a return on equity of 12.52% and a net margin of 9.10%. The company had revenue of $102.80 million during the quarter, compared to analysts’ expectations of $100.07 million. During the same period in the previous year, the company earned $0.10 EPS. Axcelis Technologies’s quarterly revenue was up 59.4% on a year-over-year basis. On average, equities analysts predict that Axcelis Technologies, Inc. will post $1.26 earnings per share for the current year.
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Several equities analysts have recently issued reports on ACLS shares. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday, July 14th. Benchmark Co. reiterated a “buy” rating and issued a $28.00 price objective (up previously from $24.00) on shares of Axcelis Technologies in a research note on Friday, September 8th. BidaskClub cut Axcelis Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Wedbush lifted their price objective on Axcelis Technologies from $23.00 to $27.00 in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $25.67.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. J.P. Marvel Investment Advisors LLC purchased a new position in Axcelis Technologies in the second quarter valued at about $220,000. Navellier & Associates Inc purchased a new position in Axcelis Technologies in the second quarter valued at about $379,000. USA Financial Portformulas Corp purchased a new position in Axcelis Technologies in the second quarter valued at about $1,022,000. CS Mckee LP purchased a new position in Axcelis Technologies in the second quarter valued at about $752,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Axcelis Technologies by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 24,397 shares of the semiconductor company’s stock valued at $510,000 after purchasing an additional 660 shares during the last quarter. 75.85% of the stock is owned by hedge funds and other institutional investors.
About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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