Insider Selling: Axcelis Technologies, Inc. (ACLS) EVP Sells $2,906,750.00 in Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) EVP John E. Aldeborgh sold 87,500 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $33.22, for a total transaction of $2,906,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Axcelis Technologies, Inc. (NASDAQ ACLS) opened at $33.80 on Friday. The firm has a market cap of $1,061.76, a PE ratio of 29.91, a price-to-earnings-growth ratio of 1.21 and a beta of 1.10. Axcelis Technologies, Inc. has a fifty-two week low of $12.65 and a fifty-two week high of $36.20.

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ACLS has been the topic of a number of research analyst reports. Benchmark Co. reaffirmed a “buy” rating and issued a $28.00 target price (up from $24.00) on shares of Axcelis Technologies in a report on Friday, September 8th. Stifel Nicolaus upped their target price on shares of Axcelis Technologies from $20.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday, September 15th. B. Riley reaffirmed a “buy” rating and issued a $30.00 target price on shares of Axcelis Technologies in a report on Friday, August 4th. Finally, ValuEngine cut shares of 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 issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $31.33.

A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its holdings in Axcelis Technologies by 54.2% in the 3rd quarter. Wells Fargo & Company MN now owns 44,065 shares of the semiconductor company’s stock valued at $1,205,000 after acquiring an additional 15,493 shares during the period. SG Capital Management LLC bought a new position in Axcelis Technologies in the 3rd quarter valued at about $6,192,000. Teachers Retirement System of The State of Kentucky bought a new position in Axcelis Technologies in the 3rd quarter valued at about $230,000. American International Group Inc. raised its holdings in Axcelis Technologies by 8.1% in the 3rd quarter. American International Group Inc. now owns 20,140 shares of the semiconductor company’s stock valued at $551,000 after acquiring an additional 1,506 shares during the period. Finally, Macquarie Group Ltd. raised its holdings in Axcelis Technologies by 48.9% in the 3rd quarter. Macquarie Group Ltd. now owns 68,610 shares of the semiconductor company’s stock valued at $1,876,000 after acquiring an additional 22,534 shares during the period. 75.50% of the stock is currently owned by hedge funds and other institutional investors.

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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