Insider Selling: Axcelis Technologies, Inc. (ACLS) Director Sells $61,254.00 in Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) Director John T. Kurtzweil sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total transaction of $61,254.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) traded down $0.35 during trading on Friday, reaching $34.30. 417,870 shares of the company’s stock were exchanged, compared to its average volume of 425,542. The firm has a market capitalization of $1,080.00, a P/E ratio of 30.71, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. Axcelis Technologies, Inc. has a 12-month low of $12.65 and a 12-month high of $36.20.

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A number of research firms recently commented on ACLS. Craig Hallum lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. B. Riley raised their price target on shares of Axcelis Technologies from $30.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Thursday, November 2nd. Stifel Nicolaus raised their price target on shares of Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Finally, ValuEngine lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $31.33.

A number of institutional investors have recently made changes to their positions in ACLS. American International Group Inc. grew its stake in Axcelis Technologies by 7.1% during the first quarter. American International Group Inc. now owns 17,943 shares of the semiconductor company’s stock worth $337,000 after buying an additional 1,184 shares in the last quarter. Teachers Advisors LLC grew its stake in Axcelis Technologies by 3.4% during the first quarter. Teachers Advisors LLC now owns 48,234 shares of the semiconductor company’s stock worth $907,000 after buying an additional 1,568 shares in the last quarter. Vanguard Group Inc. grew its stake in Axcelis Technologies by 5.2% during the first quarter. Vanguard Group Inc. now owns 1,225,693 shares of the semiconductor company’s stock worth $23,043,000 after buying an additional 61,085 shares in the last quarter. Geode Capital Management LLC grew its stake in Axcelis Technologies by 11.9% during the first quarter. Geode Capital Management LLC now owns 231,298 shares of the semiconductor company’s stock worth $4,348,000 after buying an additional 24,530 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Axcelis Technologies by 10.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,766,009 shares of the semiconductor company’s stock worth $33,200,000 after buying an additional 163,016 shares in the last quarter. Hedge funds and other institutional investors own 73.55% of the company’s stock.

About Axcelis Technologies

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.

Insider Buying and Selling by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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