Company shares are trading at $33.10 which is quite a bit above $26.55, the stock’s 50 day moving average and quite a bit above the 200 day moving average of $22.69. The 50 day moving average was up $6.55 or +24.67% and the 200 day average went up by +45.90%. Trading volume for Axcelis Technologies, Inc. was 787K by the end of trading on Tuesday. Volume was up 81.86% over the stocks average daily volume.
Investors are a little more bearish on the company as shown by the uptick in short interest. The stock had a rise in short interest of 18.74% as of September 29, 2017 from the last reporting period. Short shares increased from 892,119 to 1,059,317 over that period. Days to cover decreased -1.0 to 2.0 and the percentage of shorted shares was 0.03% on September 29.
There has been some selling insider activity on Axcelis Technologies, Inc. (NASDAQ:ACLS) recently. Kevin J. Brewer, EVP disclosed the sale of 62,348 shares of (ACLS). The shares were purchased at an average price of $22.49. The EVP now owns $1,555,948 of the stock per the Form 4 SEC filing. EVP, Product Development William J. Bintz let go of 12,500 shares at an average price of $22.57 on September 12th. That brings Bintz’s holdings to $1,220,902 as recorded in a recent Form 4 SEC filing.
These firms have modified their investment in ACLS. Adirondack Research & Management Inc. reduced its position by shedding 70,476 shares a decrease of 16.8% as of 03/31/2017. Adirondack Research & Management Inc. controls 348,762 shares worth $6,557,000. The value of the position overall is up by 7.5%. As of the end of the quarter Citadel Advisors LLC had sold a total of 30,829 shares trimming its position 75.3%. The value of the investment in Axcelis Technologies, Inc. increased from $115,000 to $212,000 a change of $97,000 quarter to quarter.
As of quarter end Cutler Group LP had disposed of 964 shares trimming its holdings by 90.6%. The value of the total investment in Axcelis Technologies, Inc. went from $22,000 to $0 decreasing 100.0% quarter over quarter.
The most current P/E ratio is 35.52 and the market cap is 1.03B. As of the last earnings report the EPS was $0.93 and is projected to be $1.26 for the current year with 31,223,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.31 with next year’s EPS projected to be $1.71.
Axcelis Technologies, Inc., launched on December 21, 1995, 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. The Company offers a complete line of high energy, high current and medium current implanters for all application requirements..