Key Points
- EVP Gerald Blumenstock sold 3,034 Axcelis shares on Dec. 11 at an average price of $89.46 for $271,421.64, cutting his holding by 13.98 to 18,661 shares (worth about $1.67M).
- Axcelis stock opened at $85.61 and was trading down ~3.9%; the company has a market cap of $2.65B, a P/E of 20.24, and a 12‑month range of $40.40–$102.93 with 50/200‑day averages of $83.34/$79.01.
- Most recent quarter showed $1.71 EPS on $252.42M revenue (net margin 15.93%); analysts' consensus is a "Hold" with an average target of $98.80 amid mixed ratings (3 Buy, 5 Hold, 1 Sell).
Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) EVP Gerald Blumenstock sold 3,034 shares of the business's stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $89.46, for a total value of $271,421.64. Following the transaction, the executive vice president directly owned 18,661 shares in the company, valued at $1,669,413.06. This trade represents a 13.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Axcelis Technologies Trading Down 3.9%
NASDAQ ACLS opened at $85.61 on Friday. The company has a market cap of $2.65 billion, a PE ratio of 20.24 and a beta of 1.73. The company has a current ratio of 4.95, a quick ratio of 3.32 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 12 month low of $40.40 and a 12 month high of $102.93. The stock has a 50 day moving average of $83.34 and a 200-day moving average of $79.01.
Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its earnings results on Monday, April 21st. The semiconductor company reported $1.71 earnings per share for the quarter. Axcelis Technologies had a net margin of 15.93% and a return on equity of 14.58%. The business had revenue of $252.42 million for the quarter. On average, equities research analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new stake in shares of Axcelis Technologies during the third quarter worth $25,000. Close Asset Management Ltd bought a new stake in Axcelis Technologies during the third quarter valued at $27,000. EverSource Wealth Advisors LLC grew its holdings in Axcelis Technologies by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 267 shares during the period. Caitlin John LLC bought a new position in shares of Axcelis Technologies in the 3rd quarter worth about $32,000. Finally, Advisory Services Network LLC acquired a new position in shares of Axcelis Technologies in the 3rd quarter valued at about $32,000. Institutional investors own 89.98% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Bank of America downgraded shares of Axcelis Technologies from a "neutral" rating to an "underperform" rating and raised their target price for the company from $81.00 to $90.00 in a research note on Monday, October 13th. B. Riley lowered their target price on shares of Axcelis Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Wednesday, November 5th. Wall Street Zen downgraded shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, December 6th. DA Davidson boosted 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. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Axcelis Technologies in a report on Monday. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Axcelis Technologies presently has an average rating of "Hold" and an average target price of $98.80.
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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 Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.
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