Axcelis Technologies, Inc. (NASDAQ:ACLS) Sees Large Drop in Short Interest – MarketBeat

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Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 1,130,000 shares, a drop of 10.3% from the October 31st total of 1,260,000 shares. Based on an average daily trading volume, of 444,800 shares, the days-to-cover ratio is currently 2.5 days. Currently, 3.5% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

ACLS has been the topic of several recent research reports. Needham & Company LLC increased their target price on shares of Axcelis Technologies from $70.00 to $77.00 and gave the company a “buy” rating in a report on Friday, November 4th. Benchmark increased their target price on shares of Axcelis Technologies to $87.00 in a report on Tuesday, August 9th. Finally, StockNews.com lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 14th.

Insider Activity

In other news, EVP Russell Low sold 7,700 shares of the firm’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $73.64, for a total transaction of $567,028.00. Following the sale, the executive vice president now owns 69,293 shares in the company, valued at approximately $5,102,736.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Russell Low sold 7,700 shares of the firm’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $73.64, for a total transaction of $567,028.00. Following the sale, the executive vice president now owns 69,293 shares in the company, valued at approximately $5,102,736.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Douglas A. Lawson sold 350 shares of the firm’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $76.52, for a total transaction of $26,782.00. Following the sale, the executive vice president now owns 34,038 shares in the company, valued at approximately $2,604,587.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,111 shares of company stock worth $1,937,397. 2.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Axcelis Technologies

Several institutional investors and hedge funds have recently modified their holdings of ACLS. Envestnet Asset Management Inc. lifted its position in shares of Axcelis Technologies by 129.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 15,129 shares of the semiconductor company’s stock worth $1,143,000 after purchasing an additional 8,527 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Axcelis Technologies by 42.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 5,638 shares of the semiconductor company’s stock worth $425,000 after purchasing an additional 1,670 shares during the period. Advisor Group Holdings Inc. lifted its position in Axcelis Technologies by 5.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,901 shares of the semiconductor company’s stock valued at $571,000 after acquiring an additional 372 shares during the period. New York State Common Retirement Fund lifted its position in Axcelis Technologies by 66.0% during the 1st quarter. New York State Common Retirement Fund now owns 39,916 shares of the semiconductor company’s stock valued at $3,015,000 after acquiring an additional 15,866 shares during the period. Finally, KBC Group NV lifted its position in Axcelis Technologies by 71.7% during the 1st quarter. KBC Group NV now owns 5,761 shares of the semiconductor company’s stock valued at $435,000 after acquiring an additional 2,406 shares during the period. 84.08% of the stock is owned by hedge funds and other institutional investors.

Axcelis Technologies Price Performance

Shares of Axcelis Technologies stock opened at $78.76 on Friday. The firm has a market cap of $2.59 billion, a PE ratio of 16.41 and a beta of 1.65. Axcelis Technologies has a 12-month low of $46.41 and a 12-month high of $83.74. The company has a quick ratio of 2.64, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $65.66 and its two-hundred day simple moving average is $63.43.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. The business had revenue of $229.20 million for the quarter, compared to analyst estimates of $224.38 million. Axcelis Technologies had a net margin of 18.83% and a return on equity of 28.15%. The company’s revenue was up 29.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. As a group, equities analysts expect that Axcelis Technologies will post 4.8 EPS for the current year.

Axcelis Technologies Company Profile

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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. The company offers high energy, high current, and medium current implanters for various application requirements.

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