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

Axcelis Technologies, Inc. (NASDAQ:ACLS) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 2,190,000 shares, an increase of 7.9% from the August 31st total of 2,030,000 shares. Based on an average daily trading volume, of 659,900 shares, the short-interest ratio is currently 3.3 days. Approximately 6.8% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Jorge Titinger sold 6,086 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $109.98, for a total transaction of $669,338.28. Following the sale, the director now owns 5,891 shares in the company, valued at approximately $647,892.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.43% of the company’s stock.

Hedge Funds Weigh In On Axcelis Technologies

A number of hedge funds have recently bought and sold shares of the business. CWM LLC raised its position in Axcelis Technologies by 4.8% in the 2nd quarter. CWM LLC now owns 1,506 shares of the semiconductor company’s stock worth $214,000 after buying an additional 69 shares during the last quarter. Xponance Inc. raised its position in Axcelis Technologies by 4.7% in the 2nd quarter. Xponance Inc. now owns 2,061 shares of the semiconductor company’s stock worth $293,000 after buying an additional 92 shares during the last quarter. Andina Capital Management LLC raised its position in Axcelis Technologies by 3.7% in the 2nd quarter. Andina Capital Management LLC now owns 2,791 shares of the semiconductor company’s stock worth $397,000 after buying an additional 99 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Axcelis Technologies by 17.5% during the 1st quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 100 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of Axcelis Technologies by 6.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 1,984 shares of the semiconductor company’s stock valued at $282,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

ACLS opened at $107.37 on Monday. The stock has a 50-day moving average price of $109.78 and a 200-day moving average price of $115.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.42 and a quick ratio of 3.26. The firm has a market cap of $3.49 billion, a PE ratio of 14.18, a P/E/G ratio of 3.09 and a beta of 1.58. Axcelis Technologies has a 1 year low of $93.77 and a 1 year high of $170.97.

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

Axcelis Technologies Company Profile

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.