John T. Kurtzweil Sells 1,800 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) Director John T. Kurtzweil sold 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $34.03, for a total value of $61,254.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Axcelis Technologies, Inc. (NASDAQ ACLS) traded down $0.95 on Monday, hitting $31.05. The stock had a trading volume of 791,800 shares, compared to its average volume of 436,933. Axcelis Technologies, Inc. has a 12-month low of $12.70 and a 12-month high of $37.05. The stock has a market cap of $975.38, a price-to-earnings ratio of 27.48, a PEG ratio of 1.08 and a beta of 1.07.

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Axcelis Technologies by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,835,551 shares of the semiconductor company’s stock valued at $50,201,000 after purchasing an additional 25,567 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Axcelis Technologies by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,282,745 shares of the semiconductor company’s stock valued at $26,873,000 after acquiring an additional 57,052 shares during the period. Peregrine Capital Management LLC increased its position in shares of Axcelis Technologies by 45.0% in the 3rd quarter. Peregrine Capital Management LLC now owns 830,397 shares of the semiconductor company’s stock valued at $22,711,000 after acquiring an additional 257,541 shares during the period. Hood River Capital Management LLC increased its position in shares of Axcelis Technologies by 2.6% in the 2nd quarter. Hood River Capital Management LLC now owns 815,456 shares of the semiconductor company’s stock valued at $17,084,000 after acquiring an additional 20,904 shares during the period. Finally, State Street Corp increased its position in shares of Axcelis Technologies by 8.8% in the 2nd quarter. State Street Corp now owns 547,721 shares of the semiconductor company’s stock valued at $11,475,000 after acquiring an additional 44,530 shares during the period. Hedge funds and other institutional investors own 78.14% of the company’s stock.

A number of research firms have weighed in on ACLS. Benchmark restated a “buy” rating and set a $28.00 target price (up previously from $24.00) on shares of Axcelis Technologies in a report on Friday, September 8th. Stifel Nicolaus upped their target price on Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Friday, September 15th. B. Riley upped their target price on Axcelis Technologies from $30.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, ValuEngine lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One equities research 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.33.

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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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