Axcelis Technologies, Inc. (NASDAQ:ACLS) CFO Kevin J. Brewer Sells 6,505 Shares of Stock

Posted by Defense World Staff on May 17th, 2023

Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) CFO Kevin J. Brewer sold 6,505 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $130.84, for a total transaction of $851,114.20. Following the completion of the sale, the chief financial officer now directly owns 29,005 shares in the company, valued at $3,795,014.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Axcelis Technologies Stock Up 1.5 %

ACLS opened at $129.92 on Wednesday. Axcelis Technologies, Inc. has a twelve month low of $46.41 and a twelve month high of $136.38. The company has a quick ratio of 2.51, a current ratio of 3.49 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $126.06 and a 200 day moving average price of $105.68. The company has a market cap of $4.25 billion, a PE ratio of 22.91 and a beta of 1.71.

Axcelis Technologies (NASDAQ:ACLS – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The semiconductor company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.18. The company had revenue of $254.02 million during the quarter, compared to the consensus estimate of $239.89 million. Axcelis Technologies had a net margin of 19.49% and a return on equity of 29.43%. Axcelis Technologies’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 EPS. Sell-side analysts expect that Axcelis Technologies, Inc. will post 6.05 earnings per share for the current fiscal year.

Institutional Trading of Axcelis Technologies

A number of hedge funds have recently bought and sold shares of ACLS. Belpointe Asset Management LLC acquired a new stake in Axcelis Technologies in the 4th quarter valued at about $25,000. Fifth Third Bancorp grew its stake in shares of Axcelis Technologies by 83.7% in the 1st quarter. Fifth Third Bancorp now owns 191 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 87 shares during the period. Money Concepts Capital Corp purchased a new stake in shares of Axcelis Technologies in the 4th quarter valued at approximately $30,000. Altshuler Shaham Ltd purchased a new stake in shares of Axcelis Technologies in the 1st quarter valued at approximately $31,000. Finally, Bessemer Group Inc. grew its stake in shares of Axcelis Technologies by 27.5% in the 4th quarter. Bessemer Group Inc. now owns 389 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 86.47% of the company’s stock.

Analyst Ratings Changes

ACLS has been the topic of several recent research reports. Loop Capital initiated coverage on shares of Axcelis Technologies in a report on Monday, February 27th. They issued a “buy” rating and a $150.00 price target on the stock. StockNews.com began coverage on shares of Axcelis Technologies in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Benchmark reiterated a “buy” rating and issued a $142.00 price objective on shares of Axcelis Technologies in a research report on Tuesday, March 7th. B. Riley upped their price objective on shares of Axcelis Technologies from $115.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. Finally, DA Davidson reiterated a “buy” rating on shares of Axcelis Technologies in a research report on Wednesday, March 1st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $145.33.

Axcelis Technologies Company Profile

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Axcelis Technologies, Inc engages in the manufacture of capital equipment for the semiconductor chip manufacturing industry. It ion implantation systems product line includes high and medium current, and energy implanters. It also offers post-sales equipment service and support, such as spare parts, equipment upgrades, used equipment, maintenance services, and customer training.