Axcelis Technologies, Inc. (NASDAQ:ACLS) Short Interest Update

Axcelis Technologies, Inc. (NASDAQ:ACLS) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 1,790,000 shares, a decline of 14.8% from the September 30th total of 2,100,000 shares. Based on an average daily trading volume, of 640,800 shares, the short-interest ratio is currently 2.8 days. Currently, 5.6% of the company’s stock are sold short.

Insider Activity at Axcelis Technologies

In related news, Director Jorge Titinger sold 6,086 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total value of $669,338.28. Following the completion of the sale, the director now directly owns 5,891 shares of the company’s stock, valued at approximately $647,892.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.43% of the stock is owned by insiders.

Institutional Investors Weigh In On Axcelis Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC lifted its holdings in shares of Axcelis Technologies by 348.9% during the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 164 shares during the last quarter. Blue Trust Inc. lifted its stake in Axcelis Technologies by 223.8% during the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Axcelis Technologies in the 2nd quarter worth about $39,000. Isthmus Partners LLC increased its position in shares of Axcelis Technologies by 87.3% during the 2nd quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 15,507 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Axcelis Technologies during the 2nd quarter valued at about $69,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ACLS. Benchmark dropped their price target on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Craig Hallum boosted their price target on shares of Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, July 12th. DA Davidson increased their price target on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Bank of America lifted their price objective on shares of Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, B. Riley reduced their target price on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Axcelis Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $167.33.

Axcelis Technologies Stock Down 2.1 %

Shares of NASDAQ ACLS opened at $90.15 on Thursday. The business has a 50-day simple moving average of $100.83 and a two-hundred day simple moving average of $114.09. Axcelis Technologies has a 52 week low of $88.31 and a 52 week high of $158.61. The company has a market cap of $2.93 billion, a P/E ratio of 12.17, a P/E/G ratio of 3.02 and a beta of 1.58. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.37 by $0.18. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The company had revenue of $256.51 million during the quarter, compared to analysts’ expectations of $250.06 million. During the same quarter in the previous year, the company earned $1.86 earnings per share. Axcelis Technologies’s revenue for the quarter was down 6.4% on a year-over-year basis. Research analysts anticipate that Axcelis Technologies will post 6.05 earnings per share for the current fiscal year.

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.