Axcelis Technologies (ACLS) Shares Down 6.1%

Axcelis Technologies, Inc. (NASDAQ:ACLS) shares were down 6.1% during trading on Tuesday . The stock traded as low as $28.50 and last traded at $29.15. Approximately 1,271,400 shares traded hands during trading, an increase of 189% from the average daily volume of 440,515 shares. The stock had previously closed at $31.05.

Several research analysts have commented on ACLS shares. B. Riley reaffirmed a “buy” rating and set a $30.00 target price on shares of Axcelis Technologies in a report on Wednesday, August 9th. ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Benchmark reissued a “buy” rating and issued a $28.00 price objective (up from $24.00) on shares of Axcelis Technologies in a research note on Friday, September 8th. Zacks Investment Research downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Finally, Stifel Nicolaus boosted their price objective on Axcelis Technologies from $20.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $31.33.

The company has a market capitalization of $913.30, a PE ratio of 27.48, a P/E/G ratio of 1.08 and a beta of 1.07.

In other Axcelis Technologies news, CFO Kevin J. Brewer sold 44,640 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $33.93, for a total transaction of $1,514,635.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Kurtzweil sold 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total value of $61,254.00. The disclosure for this sale can be found here. Insiders have sold a total of 265,038 shares of company stock valued at $8,016,850 over the last three months. Corporate insiders own 5.66% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Axcelis Technologies by 391.3% in the second quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock valued at $103,000 after acquiring an additional 3,913 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Axcelis Technologies by 143.7% in the third quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 2,350 shares in the last quarter. Creative Planning grew its holdings in shares of Axcelis Technologies by 22,400.0% in the second quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 5,600 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Axcelis Technologies in the third quarter valued at approximately $201,000. Finally, J.P. Marvel Investment Advisors LLC bought a new position in shares of Axcelis Technologies in the second quarter valued at approximately $220,000. 78.14% of the stock is owned by institutional investors.

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Axcelis Technologies Company Profile

Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.

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