Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Free Report) Director Jorge Titinger sold 1,000 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $80.00, for a total value of $80,000.00. Following the sale, the director owned 6,477 shares of the company’s stock, valued at $518,160. This represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jorge Titinger also recently made the following trade(s):
- On Wednesday, December 17th, Jorge Titinger sold 2,000 shares of Axcelis Technologies stock. The shares were sold at an average price of $86.05, for a total transaction of $172,100.00.
Axcelis Technologies Price Performance
Axcelis Technologies stock opened at $80.02 on Thursday. The firm has a fifty day moving average of $87.75 and a 200-day moving average of $85.76. Axcelis Technologies, Inc. has a 52-week low of $40.40 and a 52-week high of $102.93. The company has a quick ratio of 3.11, a current ratio of 4.77 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.46 billion, a P/E ratio of 21.11, a PEG ratio of 9.78 and a beta of 1.77.
Institutional Investors Weigh In On Axcelis Technologies
A number of large investors have recently made changes to their positions in the company. Salomon & Ludwin LLC acquired a new position in shares of Axcelis Technologies in the third quarter worth $25,000. Close Asset Management Ltd bought a new position in shares of Axcelis Technologies in the 3rd quarter valued at approximately $27,000. REAP Financial Group LLC bought a new position in shares of Axcelis Technologies in the fourth quarter valued at approximately $25,000. Advisory Services Network LLC acquired a new position in Axcelis Technologies during the 3rd quarter worth $32,000. Finally, Caitlin John LLC acquired a new stake in shares of Axcelis Technologies in the third quarter valued at about $32,000. Institutional investors and hedge funds own 89.98% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Axcelis Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Wall Street Zen lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. B. Riley Financial cut their price target on Axcelis Technologies from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Bank of America raised their price objective on Axcelis Technologies from $90.00 to $100.00 and gave the company an “underperform” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Axcelis Technologies presently has a consensus rating of “Hold” and a consensus price target of $101.50.
Read Our Latest Research Report on ACLS
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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