Axcelis Technologies Inc (NASDAQ:ACLS) was the target of unusually large options trading on Thursday. Stock investors purchased 870 put options on the company. This represents an increase of approximately 1,573% compared to the average daily volume of 52 put options.
Large investors have recently modified their holdings of the company. Raymond James & Associates purchased a new position in Axcelis Technologies during the fourth quarter valued at approximately $1,101,000. Teachers Retirement System of The State of Kentucky increased its holdings in Axcelis Technologies by 451.1% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 46,295 shares of the semiconductor company’s stock valued at $1,329,000 after buying an additional 37,895 shares during the period. Two Sigma Investments LP increased its holdings in Axcelis Technologies by 5.7% during the fourth quarter. Two Sigma Investments LP now owns 223,508 shares of the semiconductor company’s stock valued at $6,415,000 after buying an additional 12,016 shares during the period. Two Sigma Advisers LP increased its holdings in Axcelis Technologies by 87.4% during the fourth quarter. Two Sigma Advisers LP now owns 349,249 shares of the semiconductor company’s stock valued at $10,023,000 after buying an additional 162,899 shares during the period. Finally, Guggenheim Capital LLC purchased a new position in Axcelis Technologies during the fourth quarter valued at approximately $3,900,000. 77.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of Axcelis Technologies (ACLS) traded up $1.00 during midday trading on Wednesday, reaching $24.35. 351,565 shares of the company’s stock traded hands, compared to its average volume of 560,728. The company has a market capitalization of $754.73, a P/E ratio of 6.51, a P/E/G ratio of 0.88 and a beta of 1.01. Axcelis Technologies has a twelve month low of $14.60 and a twelve month high of $37.05.
Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.08. The business had revenue of $116.40 million for the quarter, compared to analyst estimates of $109.76 million. Axcelis Technologies had a net margin of 30.92% and a return on equity of 18.64%. The company’s quarterly revenue was up 67.7% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. equities research analysts predict that Axcelis Technologies will post 1.34 EPS for the current year.
ACLS has been the subject of a number of analyst reports. Benchmark reiterated a “buy” rating and issued a $33.00 price target (down previously from $36.00) on shares of Axcelis Technologies in a research note on Thursday, January 18th. Zacks Investment Research downgraded shares of Axcelis Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, February 9th. Stifel Nicolaus increased their price target 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. B. Riley lowered their price target on shares of Axcelis Technologies from $39.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Finally, ValuEngine raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $32.50.
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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.
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