Jorge Titinger Sells 2,000 Shares of Axcelis Technologies (NASDAQ:ACLS) Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) Director Jorge Titinger sold 2,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $86.05, for a total transaction of $172,100.00. Following the completion of the transaction, the director directly owned 7,477 shares in the company, valued at $643,395.85. The trade was a 21.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS traded down $0.52 during mid-day trading on Thursday, reaching $81.13. 437,369 shares of the company were exchanged, compared to its average volume of 625,417. The stock has a market capitalization of $2.52 billion, a P/E ratio of 19.18 and a beta of 1.73. The company has a quick ratio of 3.32, a current ratio of 4.95 and a debt-to-equity ratio of 0.04. The company’s 50-day simple moving average is $83.33 and its 200-day simple moving average is $79.73. Axcelis Technologies, Inc. has a twelve month low of $40.40 and a twelve month high of $102.93.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share for the quarter. The firm had revenue of $252.42 million for the quarter. Axcelis Technologies had a net margin of 15.93% and a return on equity of 14.58%. As a group, research analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ACLS. DA Davidson lifted their price target on Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Zacks Research cut Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Monday. B. Riley decreased their price target on shares of Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, Benchmark raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Axcelis Technologies presently has an average rating of “Hold” and an average price target of $98.80.

Hedge Funds Weigh In On Axcelis Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in ACLS. Vanguard Group Inc. increased its stake in shares of Axcelis Technologies by 1.0% in the first quarter. Vanguard Group Inc. now owns 4,439,902 shares of the semiconductor company’s stock valued at $220,530,000 after buying an additional 43,768 shares during the period. American Century Companies Inc. grew its holdings in Axcelis Technologies by 45.5% during the 2nd quarter. American Century Companies Inc. now owns 1,659,463 shares of the semiconductor company’s stock worth $115,648,000 after acquiring an additional 518,968 shares during the last quarter. Reinhart Partners LLC. increased its position in Axcelis Technologies by 6.0% in the 3rd quarter. Reinhart Partners LLC. now owns 1,610,332 shares of the semiconductor company’s stock valued at $157,234,000 after acquiring an additional 91,788 shares during the period. Victory Capital Management Inc. increased its position in Axcelis Technologies by 9.6% in the 3rd quarter. Victory Capital Management Inc. now owns 972,162 shares of the semiconductor company’s stock valued at $90,243,000 after acquiring an additional 85,407 shares during the period. Finally, Primecap Management Co. CA raised its stake in shares of Axcelis Technologies by 2.1% during the second quarter. Primecap Management Co. CA now owns 852,296 shares of the semiconductor company’s stock valued at $59,397,000 after acquiring an additional 17,230 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

About Axcelis Technologies

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.