Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Free Report) VP Todd Sutton sold 2,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $159.99, for a total value of $319,980.00. Following the completion of the sale, the vice president owned 6,360 shares in the company, valued at approximately $1,017,536.40. The trade was a 23.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Todd Sutton also recently made the following trade(s):
- On Thursday, May 14th, Todd Sutton sold 2,574 shares of Axcelis Technologies stock. The stock was sold at an average price of $163.89, for a total value of $421,852.86.
Axcelis Technologies Stock Performance
ACLS stock opened at $150.41 on Friday. The company has a quick ratio of 2.99, a current ratio of 4.59 and a debt-to-equity ratio of 0.04. The business’s fifty day simple moving average is $128.34 and its two-hundred day simple moving average is $100.89. Axcelis Technologies, Inc. has a twelve month low of $55.93 and a twelve month high of $171.61. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 46.86, a PEG ratio of 10.65 and a beta of 1.93.
Institutional Investors Weigh In On Axcelis Technologies
A number of institutional investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC boosted its position in Axcelis Technologies by 96.1% during the first quarter. Segall Bryant & Hamill LLC now owns 200,371 shares of the semiconductor company’s stock valued at $18,651,000 after purchasing an additional 98,184 shares in the last quarter. Western Wealth Management LLC bought a new stake in Axcelis Technologies during the first quarter valued at about $646,000. Edgestream Partners L.P. bought a new stake in Axcelis Technologies during the first quarter valued at about $313,000. Amundi boosted its position in Axcelis Technologies by 9.0% during the first quarter. Amundi now owns 40,627 shares of the semiconductor company’s stock valued at $3,782,000 after purchasing an additional 3,353 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in Axcelis Technologies by 21.3% during the first quarter. California State Teachers Retirement System now owns 36,420 shares of the semiconductor company’s stock valued at $3,390,000 after purchasing an additional 6,390 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Weiss Ratings lowered Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Zacks Research upgraded Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, B. Riley Financial upgraded Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $116.25.
View Our Latest Stock Report on Axcelis Technologies
Axcelis Technologies Company Profile
Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.
The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.
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