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 on Wednesday, December 17th. The shares were sold at an average price of $86.05, for a total value of $172,100.00. Following the sale, the director owned 7,477 shares in the company, valued at approximately $643,395.85. This trade represents a 21.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Axcelis Technologies Stock Up 2.0%

Shares of NASDAQ:ACLS opened at $82.72 on Friday. The company has a quick ratio of 3.32, a current ratio of 4.95 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 52-week low of $40.40 and a 52-week high of $102.93. The stock’s fifty day simple moving average is $83.33 and its 200-day simple moving average is $79.92. The company has a market capitalization of $2.56 billion, a P/E ratio of 19.56 and a beta of 1.73.

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

Institutional Investors Weigh In On Axcelis Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new position in shares of Axcelis Technologies in the 3rd quarter worth about $25,000. Close Asset Management Ltd acquired a new stake in Axcelis Technologies during the 3rd quarter worth approximately $27,000. Advisory Services Network LLC purchased a new position in Axcelis Technologies in the third quarter valued at approximately $32,000. Caitlin John LLC acquired a new position in Axcelis Technologies during the third quarter valued at approximately $32,000. Finally, EverSource Wealth Advisors LLC grew its stake in Axcelis Technologies by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock worth $31,000 after buying an additional 267 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Bank of America downgraded Axcelis Technologies from a “neutral” rating to an “underperform” rating and boosted their price target for the company from $81.00 to $90.00 in a report on Monday, October 13th. Benchmark upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Thursday, October 2nd. B. Riley reduced their target price on Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Wall Street Zen upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Axcelis Technologies presently has an average rating of “Hold” and an average target price of $98.80.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.